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LO 6-4 E6-12 Reporting Net Sales after Sales Discounts and Sales Returns And to dinem ad aud The following transactions were selected from among those completed by Bear's Retail Store: Nov. 2001 Sold two items of merchandise to Cheryl Jahn, who paid the $400 sales price in gunzco aboog huopan cash. The goods cost Bear's $300. 25 Sold 20 items of merchandise to Vasko Athletics at a selling price of $4,000 (total); terms 3/10, n/30. The goods cost Bear's $2,500. Dec. 6 30 29 To ilosa tot vecum 28 Sold 10 identical items of merchandise to Nancy's Gym at a selling price of $6,000 (total); terms 3/10, n/30. The goods cost Bear's $4,000. Nancy's Gym returned one of the items purchased on the 28th. The item was in perfect condition and credit was given to the customer on account. No further returns are expected. Nancy's Gym paid the account balance in full. Vasko Athletics paid in full for the invoice of November 25. 000.00 equired: ompute the Net Sales to be reported over the two months. a une Multistep Income State 2none 22010 290novell esta

LO 6-4 E6-12 Reporting Net Sales after Sales Discounts and Sales Returns And to dinem ad aud The following transactions were selected from among those completed by Bear's Retail Store: Nov. 2001 Sold two items of merchandise to Cheryl Jahn, who paid the $400 sales price in gunzco aboog huopan cash. The goods cost Bear's $300. 25 Sold 20 items of merchandise to Vasko Athletics at a selling price of $4,000 (total); terms 3/10, n/30. The goods cost Bear's $2,500. Dec. 6 30 29 To ilosa tot vecum 28 Sold 10 identical items of merchandise to Nancy's Gym at a selling price of $6,000 (total); terms 3/10, n/30. The goods cost Bear's $4,000. Nancy's Gym returned one of the items purchased on the 28th. The item was in perfect condition and credit was given to the customer on account. No further returns are expected. Nancy's Gym paid the account balance in full. Vasko Athletics paid in full for the invoice of November 25. 000.00 equired: ompute the Net Sales to be reported over the two months. a une Multistep Income State 2none 22010 290novell esta

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter5: Accounting For Retail Businesses
Section: Chapter Questions
Problem 34E
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LO 6-4 E6-12 Reporting Net Sales after Sales Discounts and Sales Returns Alamd The following transactions were selected from among those completed by Bear's Retail Store: Nov. 2001 Sold two items of merchandise to Cheryl Jahn, who paid the $400 sales price in Jugoon cash. The goods cost Bear's $300. guized zboog bemiss 29 to rosa 30t yoqm Dec. 6 30 25 Sold 20 items of merchandise to Vasko Athletics at a selling price of $4,000 (total); terms 3/10, n/30. The goods cost Bear's $2,500. 28 Sold 10 identical items of merchandise to Nancy's Gym at a selling price of $6,000 (total); terms 3/10, n/30. The goods cost Bear's $4,000. Nancy's Gym returned one of the items purchased on the 28th. The item was in perfect condition and credit was given to the customer on account. No further returns are expected. Nancy's Gym paid the account balance in full. Vasko Athletics paid in full for the invoice of November 25. 000.02 i au ue Multistep Income Stateme Required: Compute the Net Sales to be reported over the two months. 22010 2900evel pole 2 espridwolla one emuladas 20162 IBM 3801
Transcribed Image Text:LO 6-4 E6-12 Reporting Net Sales after Sales Discounts and Sales Returns Alamd The following transactions were selected from among those completed by Bear's Retail Store: Nov. 2001 Sold two items of merchandise to Cheryl Jahn, who paid the $400 sales price in Jugoon cash. The goods cost Bear's $300. guized zboog bemiss 29 to rosa 30t yoqm Dec. 6 30 25 Sold 20 items of merchandise to Vasko Athletics at a selling price of $4,000 (total); terms 3/10, n/30. The goods cost Bear's $2,500. 28 Sold 10 identical items of merchandise to Nancy's Gym at a selling price of $6,000 (total); terms 3/10, n/30. The goods cost Bear's $4,000. Nancy's Gym returned one of the items purchased on the 28th. The item was in perfect condition and credit was given to the customer on account. No further returns are expected. Nancy's Gym paid the account balance in full. Vasko Athletics paid in full for the invoice of November 25. 000.02 i au ue Multistep Income Stateme Required: Compute the Net Sales to be reported over the two months. 22010 2900evel pole 2 espridwolla one emuladas 20162 IBM 3801
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