Question
The following transactions were selected from the records of Evergreen Company: July 12 Sold merchandise to Wally Butler, who paid the $860 purchase with cash.
The following transactions were selected from the records of Evergreen Company: July 12 Sold merchandise to Wally Butler, who paid the $860 purchase with cash. The goods cost Evergreen Company $530. 15 Sold merchandise to Claudios Chair Company at a selling price of $4,860 on terms 3/10, n/30. The goods cost Evergreen Company $3,430. 20 Sold merchandise to Ottos Ottomans at a selling price of $2,930 on terms 3/10, n/30. The goods cost Evergreen Company $1,830. 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. (Round your answer to 2 decimal place.)
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