Calculation of Net Sales:
NOV 20: Sales
-
$6500
Nov 25 Sales
-
$594 ($600-1%)
Nov 28 Sales -
$9000
Nov 29 Sales
Return-
($900) (9000/10)
Dec 6 Sales Discount -
($162) ((9000-900)*2%)
Dec 20 Sales Discount - -
Net
Sales
= $15032
0.90 points The following transactions were selected from among those completed by Cadence Retailers in 2013...
The following transactions were selected from among those completed by Cadence Retailers November and December: Nov. 20 Sold 20 items of merchandise to Customer B at an invoice price of $6,400 (total); terms 2/10, n/30. 25 Sold two items of merchandise to Customer C, who charged the $700 sales price on her Visa credit card. Visa charges Cadence Retailers a 3 percent credit card fee. 28 Sold 10 identical items of merchandise to Customer D at an invoice price of...
The following transactions were selected from among those completed by Cadence Retailers November and December: Nov. 20 Sold 20 items of merchandise to Customer B at an Invoice price of $6.000 (total): terms 2/10. n/30 25 Sold two items of merchandise to Customer C, who charged the $700 sales price on her Visa credit card. Visa charges Cadence Retailers a 1 percent credit card fee. 28 Sold 10 identical items of merchandise to Customer D at an invoice price of...
The following transactions were selected from among those completed by Bennett Retailers in November and December: Nov. 20 Sold 20 items of merchandise to Customer B at an invoice price of $5,500 (total); terms 3/10, n/30. 25 Sold two items of merchandise to Customer C, who charged the $400 (total) sales price on her Visa credit card. Visa charges Bennett Retailers a 2 percent credit card fee. 28 Sold 10 identical items of merchandise to Customer D at an invoice...
9 11.11 points The following transactions were selected from among those completed by Bennett Retailers in November and December: Nov. 20 sold 20 items of merchandise to Customer B at an invoice price of $6,400 (total); terma 3/10, n/30. 25 sold two items of merchandise to Customer c, who charged the $400 (total) sales price on her Visa credit card. Visa charges Bennett Retailers a 1 percent credit card fee. 28 Sold 10 identical Items of merchandise to Customer D...
Check The following transactions were selected from among those completed by Bennett Retailers in November and December Nov. 20 Sold 20 items of merchandise to Customer Bat an invoice price of $6.100 (total) terms 3/10, n/30. 25 Sold two items of merchandise to Customer C, who charged the $700 (total) sales price on her Visa credit card. Visa charges Bennett Retailers & 2 percent credit card fee. 28 Sold 10 identical items of merchandise to Customer Dat an invoice price...
The following transactions were selected from among those completed by Hailey Retailers in the current year. Nov. 20 Sold two items of merchandise to Customer B, who charged the $450 (total) sales price on her Visa credit card. Visa charges Hailey a 2 percent credit card fee. 25 Sold 14 items of merchandise to Customer Cat an invoice price of $3,700 (total); terms 1/10, 1/30. 28 Sold 12 identical items of merchandise to Customer D at an involce price of...
E6-3 Reporting Net Sales with Credit Sales, Sales Discounts, Sales Returns, and Credit Card Sales LO6-1 The following transactions were selected from among those completed by Cadence Retailers November and December: Nov. 20 Sold 20 items of merchandise to Customer B at an invoice price of $5,800 (total); terms 4/10, n/30. 25 Sold two items of merchandise to Customer C, who charged the $700 sales price on her Visa credit card. Visa charges Cadence Retailers a 3 percent credit card...
need help with problems E6-1 and E6-3 help with both please Reconciling em a. Outstanding checks b. Bank service charge c. Deposit in transit M6-7 de Chapter Supplement) Recording Sales Discounts A sale is made for $6.00; terms me yje, 0. Al what amount should the sale the gross method of recording les discounts Give the required entry. Also give the assuming that it is during the discount period. Rinwind Assume contrare Determi EXERCISES connect Returns Braze S cosas decrease...
The following transactions were selected from among those completed by Bear’s Retail Store: Nov. 20 Sold two items of merchandise to Cheryl Jahn, who paid the $460 (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, n/30. The goods cost Bear’s $2,700. 28 Sold 10 identical items of merchandise to Nancy’s Gym at a selling price of $6,400 (total); terms 3/10,...
Task 1 Reporting Net Sales with Credit Sales, Sales Discounts, Sales Returns, and Credit Card Sales E6-3 L02 The following transactions were selected from among those completed by Cadence Retailers in 2011: Nov. 20 Sold 20 items of merchandise to Customer B at an invoice price of $5,500 (total; terms 3/10, n/30 Sold two items of merchandise to Customer C, who charged the $400 sales price on her Visa credit card. Visa charges Cadence Retailersa 2 percent credit card fee...