Question
The following transactions were selected from the records of Evergreen Company: July 12 Sold merchandise to Wally Butler, who paid the $800 purchase with cash.
The following transactions were selected from the records of Evergreen Company: July 12 Sold merchandise to Wally Butler, who paid the $800 purchase with cash. The goods cost Evergreen Company $500. July 17 Sold merchandise to Claudios Chair Company at a selling price of $4,800 on terms 3/10, n/30. The goods cost Evergreen Company $3,400. July 18 Sold merchandise to Ottos Ottomans at a selling price of $2,900 on terms 3/10, n/30. The goods cost Evergreen Company $1,800. July 23 Received cash from Claudios Chair Company for the amount due from July 17. July 31 Received cash from Ottos Ottomans for the amount due from July 18. Required: Compute the amount of Net Sales to be reported for the month ended July 31.
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