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July 12 Sold merchandise to Wally Butler, who paid the $1,000 purchase with cash. The goods cost Evergreen Company $600. July 15 Sold merchandise to
July 12 | Sold merchandise to Wally Butler, who paid the $1,000 purchase with cash. The goods cost Evergreen Company $600. |
July 15 | Sold merchandise to Claudios Chair Company at a selling price of $5,000 on terms 3/10, n/30. The goods cost Evergreen Company $3,500. |
July 20 | Sold merchandise to Ottos Ottomans at a selling price of $3,000 on terms 3/10, n/30. The goods cost Evergreen Company $1,900. |
July 23 | Collected payment from Claudios Chair Company from the July 15 sale. |
Aug. 25 | Collected payment from Ottos Ottomans from the July 20 sale. |
Required: |
Assuming that Sales Discounts are reported as contra-revenue, compute Net Sales for the two months ended August 31. |
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