Bear’s Retail Store in 2010

The following transactions were selected from among those completed by Bear’s Retail Store in 2010:

Nov. 20

Sold two items of merchandise to Cheryl Jahn, who paid the $400 sales price in cash. The goods cost Bear’s $300.


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.


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.

Dec. 6 Nancy’s Gym paid the account balance in full.
30 Vasko Athletics paid in full for the invoice of November 25, 2010.

Assuming that Sales Returns and Sales Discounts are reported as contra-revenues, compute Net Sales for the two months ended December 31, 2010. (Omit the “$” sign in your response.)

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