8 (of 10) value 1.00 points The following transactions were selected from the re

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8 (of 10) value 1.00 points The following transactions were selected from the records of OceanView Company July 12 Sold merchandise to Customer R, who charged the $4,300 purchase on his Visa credit card. Visa charges OceanView a 2 percent credit card fee 15 Sold merchandise to Customer S at an invoice price of $10,300, terms 3/10, n/30 20 Sold to Customer T at an invoice price of $5,300, terms 3/10, n/30 23 Collected payment from Customer S from July 15 sale Aug 25 Collected payment from Customer T from July 20 sale Required: Assuming that Sales Discounts and Credit Card Discounts are treated as contra-revenues, compute net sales for the two months ended August 31 S 19,505 References eBook & Resources Type here to search

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Sales R 4300 Sales S 10300 Sales T 5300 Total Sales 19900 Less: Credit Card Fees 86 Less: Discount 309 Net Sales 19505

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