Question: > Let's practice! The following transactions were selected from the records of Evergreen Company. Assuming that sales discounts and credit card discounts are treated as

of Evergreen Company. Assuming that sales discounts and credit card discounts are

> Let's practice! The following transactions were selected from the records of Evergreen Company. Assuming that sales discounts and credit card discounts are treated as contra- revenues, compute net sales for the two months ended August 31 (1) July 12: Sold merchandise to Customer R, who charged the $2,000 purchase on his Visa credit card. Visa charges Evergreen a 2 percent credit card fee. Date Account Debit Credit (2) July 15: Sold merchandise to Customer S at an invoice price of $7,000; terms 3/10, n/30. Date Debil (3) July 20: Sold merchandise to Customer T at an invoice price of $5,000; terms 3/10, n/30. Date Account Debit (4) July 23: Collected payment from Customer S from July 15 sale. Account Debi (5) August 25: Collected payment from Customer T from July 20 sale. Account Debit Income statement (partial)

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