Question

Please help, I cannot figure out the correct Cash value for April 2nd, I keep entering 2,670 and it is supposedly wrong, problem shown below:

DATE			TRANSACTIONS
2019
April	2		Sold merchandise for cash, $2,670 plus sales tax. The cost of merchandise sold was $1,670.
	3		The customer purchasing merchandise for cash on April 2 returned $335 of the merchandise; provided a cash refund to the customer. The cost of returned merchandise was $235.
	4		Sold merchandise on credit to Jordan Clark; issued Sales Slip 908 for $1,220 plus tax, terms n/30. The cost of the merchandise sold was $715.
	6		Accepted return of merchandise from Jordan Clark; issued Credit Memorandum 302 for $235 plus tax. The original sale was made on Sales Slip 908 of April 4. The cost of returned merchandise was $260.
	30		Received payment on account from Jordan Clark in payment of her purchase of April 4, less the return on April 6.

Answer 1

Cash value of April 2nd sale is $2,335. Please refer below calculation.

Calculation of cash value of sales on April 2nd
Sold merchandise for cash on April 2nd	$          2,670.00
Less: cash refund to the customer for sales return	$            (335.00)
	$          2,335.00