The following transactions were selected from the records of oceanview company:
july
12
sold merchandise to customer r, who charged the $4,300 purchase on his visa credit card.
visa charges oceanview a 2 percent credit card fee.
15
sold merchandise to customer s at an invoice price of $10,100; terms 3/10, n/30.
20
sold merchandise to customer t at an invoice price of $4,700; terms 3/10, n/30.
23
collected payment from customer s from july 15 sale.
aug. 25 collected payment from customer t from july 20 sale.
required: assuming that sales discounts and credit card discounts are treated as contra-revenues, compute net sales for the two months ended august 31.