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Question 1 (of 10.00 points The following transactions were selected from the records of OceanView Company: July 12 sold merchandise to Customer R, who charged the $4.700 purchase on his visa credit card. Visa charges OceanView a 1 percent credit card fee. 15 Sold merchandise to Customer S at an invoice price of $10,300; terms 3/10, n/30. 20 Sold merchandise to Customer Tat an invoice price of $5,000, terms 3/10, n/30. 23 Collected payment from Customer S from July 15 sale. Aug. 25 Collected payment from Custome T from July 20 sale. r Required: Assuming that Sales Discounts and Credit Card Discounts are treated as contra-revenues, compute net sales for the two months ended August 31.
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