The following transactions were selected from among those completed by Los Gators Corporation in the...
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Accounting
The following transactions were selected from among those completed by Los Gators Corporation in the current year:
Nov.
Sold two items of merchandise to Customer B who charged the $total sales price on her Visa credit card. Visa charges Los Gators a percent credit card fee.
Sold items of merchandise to Customer C at an invoice price of $total; terms n
Sold identical items of merchandise to Customer D at an invoice price of $total; terms n
Customer D returned one of the items purchased on the th; the item was defective and credit was given to the customer.
Dec.
Customer D paid the account balance in full.
Customer C paid in full for the invoice of November
Required:
Compute net sales for the current year.
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