The following transactions were selected from among those completed by Bennett Retailers in November and...
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Accounting
The following transactions were selected from among those completed by Bennett Retailers in November and December: November Sold items of merchandise to Customer B at an invoice price of $total; terms n November Sold two items of merchandise to Customer C who charged the $total sales price on her Visa credit card. Visa charges Bennett Retailers a percent credit card fee. November Sold identical items of merchandise to Customer D at an invoice price of $total; terms n November Customer D returned one of the items purchased on the th; the item was defective and credit was given to the customer. December Customer D paid the account balance in full. December Customer B paid in full for the invoice of November Required: Assume that Sales Returns and Allowances, Sales Discounts, and Credit Card Discounts are treated as contrarevenues; compute net sales for the two months ended December Note: Do not round your intermediate calculations. Round your answer to the nearest whole dollar amount
The following transactions were selected from among those completed by Bennett Retailers in November and December:
November Sold items of merchandise to Customer B at an invoice price of $total; terms n
November Sold two items of merchandise to Customer C who charged the $total sales price on her Visa credit card. Visa charges Bennett Retailers a percent credit card fee.
November Sold identical items of merchandise to Customer D at an invoice price of $total; terms n
November Customer D returned one of the items purchased on the th; the item was defective and credit was given to the customer.
December Customer D paid the account balance in full.
December Customer B paid in full for the invoice of November
Required:
Assume that Sales Returns and Allowances, Sales Discounts, and Credit Card Discounts are treated as contrarevenues; compute net sales for the two months ended December
Note: Do not round your intermediate calculations. Round your answer to the nearest whole dollar amount
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