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