Question: View previous attempt E6-12 (Static) Reporting Net Sales after Sales Discounts and Sales Returns (LO 6-4) The following transactions were selected from among those completed
View previous attempt E6-12 (Static) Reporting Net Sales after Sales Discounts and Sales Returns (LO 6-4) The following transactions were selected from among those completed by Bear's Retail Store: November 20 Bold two item of merchandise to Cheryl Jahn, who paid the $400 sales price in cash. The good cost Heart $300. November 25 Sold 20 Items of merchandise to Vasko Athletics at a selling price of $4,000 total): tarna 3/10, 1/30. The goods cost Bear'a $2,500. November 20 Sold 10 identical items of merchandise to Nancy's Gym at a selling price of $6,000 (total): terna 3/10, n/30. The goods cost Bear's 54,000. November 29 Nancy'a Gym returned one of the items purchased on the 28th. The item was in perfect condition and credit wan given to the customer on account. No further returns are expected. December 6 Nanay's Gym paid the account balance in full. December 30 Vasko Athletics paid in full for the invoice of November 25. Required: Compute the Net Sales to be reported over the two months Net Sales $ 10.400
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