7.

E6-11 (Algo) Reporting Net Sales after Sales Discounts [LO 6-4]

The following transactions were selected from the records of Evergreen Company:

E6-11 (Algo) Reporting Net Sales after Sales Discounts [LO 6-4) The following transactions were selected from the records of Evergreen Company: July 12 Sold merchandise to Wally Butler, who paid the $1,140 purchase with cash. The goods cost Evergreen Company $670. July 16 Sold merchandise to Claudio's Chair Company at a selling price of $5,140 on terms 3/10, n/30. The goods cost Evergreen Company $3,570. July 19 Sold merchandise to Otto's Ottomans at a selling price of $3,070 on terms 3/10, n/30. The goods cost Evergreen Company $1,970. 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