The following transactions were selected from among those completed by Bear's Retail Store Nov. 20...
50.1K
Verified Solution
Link Copied!
Question
Accounting
The following transactions were selected from among those completed by Bear's Retail Store Nov. 20 Sold the items of merchandise to Cheryl Jahn, who paid the 5460 (total) sales price in cash. The goods cost Bear's $350. 25 Sold 20 items of merchandise to Vasko Athletics at a selling price of $4,400 (total); terms 3/10, 30. The goods cost Bear's $2,700. 28 Sold 10 Identical items of serchandise to Mancy's Gym at a selling price of 56,400 (total); terws 3/10, 1/3. The goods cost Bear's $4,200. 25 Nancy's Gyn returned one of the itens purchased on the 28th. The item was in perfect condition and credit was given to the customer Dec. 6 Nancy's Gym paid the account balance in full. 30 Vasko Athletics paid in full for the invoice of November 25 Required: Compute the net sales revenue to be reported over the two months. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Net Sales Revenue
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!