The following transactions were selected from the records of Evergreen Company. July 12 Sold merchandise to Wally Butler, who paid the $1,020 purchase with cash. The goods cost Evergreen Company $610. July 16 Sold merchandise to Claudio's Chair Company at a selling price of $5,020 on terms 3/10, n/30. The goods cost Evergreen Company $3,510. July 19 Sold merchandise to Otto's Ottomans at a selling price of $3,010 on terma 3/10, n/30. The goods cost Evergreen Company $1,910. July 23 Received cash from Claudio's Chair Company for the amount due from July 16. July 31 Received cash from Otto's Ottomans for the amount due from July 19. Required: Compute the amount of Net Sales to be reported for the month ended July 31. (Round your answer to 2 decimal places.) Net Sales
The following transactions were selected from the records of Evergreen Company. July 12 Sold merchandise to Wally Butler, who paid the $1,020 purchase with cash. The goods cost Evergreen Company $610. July 16 Sold merchandise to Claudio's Chair Company at a selling price of $5,020 on terms 3/10, n/30. The goods cost Evergreen Company $3,510. July 19 Sold merchandise to Otto's Ottomans at a selling price of $3,010 on terma 3/10, n/30. The goods cost Evergreen Company $1,910. July 23 Received cash from Claudio's Chair Company for the amount due from July 16. July 31 Received cash from Otto's Ottomans for the amount due from July 19. Required: Compute the amount of Net Sales to be reported for the month ended July 31. (Round your answer to 2 decimal places.) Net Sales
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following transactions were selected from the records of Evergreen Company.
July 12 Sold merchandise to Wally Butler, who paid the $1,020 purchase with cash. The goods cost Evergreen Company $610.
July 16 Sold merchandise to Claudio's Chair Company at a selling price of $5,020 on terms 3/10, n/30. The goods cost
Evergreen Company $3,510.
July 19
Sold merchandise to Otto's Ottomans at a selling price of $3,010 on terms 3/10, n/30. The goods cost Evergreen
Company $1,910.
July 23 Received cash from Claudio's Chair Company for the amount due from July 16.
July 31 Received cash from Otto's Ottomans for the amount due from July 19.
Required:
Compute the amount of Net Sales to be reported for the month ended July 31. (Round your answer to 2 decimal places.)
Net Sales
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