The following transactions were selected from among those completed by Bear\'s R

Question

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 $400 sales price in cash. The goods cost Bear's $300. 25 sold 20 items of merchandise to Vasko Athletics at a selling price of $4,00? (total); terms 3/10, n/3. The goods cost Bear's $2,500 cost Bear's $4,000. customer 28 Sold 10 identical items of merchandise to Nancy's Gym at a selling price of $6,00e (total); terms 3/1e, n/30. The goods 29 Nancy's Gym returned one of the items purchased on the 28th. The item was in perfect condition and credit was given to the Dec. 6 Nancy's Gym paid the account balance in ful1 30 Vasko Athletics paid in full for the invoice of November 25. Requirecd Compute the total revenue to be reported over the two months Total RevenuesARA

Explanation / Answer

Total revenue to be reported will be:

Nov. 20 = $400-$300 = $100

+Nov. 25 = $4000-$2500 = $1500

+Nov. 28 = $6000-$4000 = $2000

- Nov. 29 = $600-$400 = $200

Total revenue = $3400

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