The following transactions were selected from among those completed by Bear’s Retail Store:

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 $330 sales price in cash. The goods cost Bear’s $470.
25	Sold 20 items of merchandise to Vasko Athletics at a selling price of $3,300 (total); terms 3/10, n/30. The goods cost Bear’s $2,150.
28	Sold 10 identical items of merchandise to Nancy’s Gym at a selling price of $5,300 (total); terms 3/10, n/30. The goods cost Bear’s $3,650.
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 customer.
Dec. 6	Nancy’s Gym paid the account balance in full.
30	Vasko Athletics paid in full for the invoice of November 25.

Required:

Assuming that Sales Returns and Sales Discounts are reported as contra-revenues, compute Net Sales for the two months ended December 31. (Do not round intermediate calculations. Round your answer to 2 decimal places.)     Sales Revenue ($330 + $3,300 + $5,300) $ 8,930.00         Less: Sales Returns and Allowances (1/10 × $5,300 from Nancy's)   (530.00 )*       Less: Sales Discounts (9/10 × $5,300 × 3% from Nancy's)   (143.10 )**             Net Sales $ 8,256.90     * Nancy’s Gym returned 1 of the 10 items purchased at a total cost of $5,300 (which equals $530 per item)     ** Nancy’s Gym paid 8 days after the purchase (within the discount period). Vasko paid 35 days after the purchase (outside the discount period).