Business, 12.02.2020 00:33 kaylacornish06

The following transactions were selected from the records of OceanView Company: July 12 Sold merchandise to Customer R, who charged the $4,900 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 4/10, n/30.
20 Sold merchandise to Customer T at an invoice price of $5,700; terms 4/10, n/30.
23 Collected payment from Customer S from July 15 sale.
Aug. 25 Collected payment from Customer T from July 20 sale.
Assuming that Sales Discounts and Credit Card Discounts are treated as contra-revenues, compute net sales for the two months ended August 31.
What are NET SALES?

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The following transactions were selected from the records of OceanView Company: July 12 Sold merchan...

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