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The following transactions were selected from the records of Evergreen Company: July 12 Sold merchandise to Wally Butler, who paid for the $1,000 purchase with
The following transactions were selected from the records of Evergreen Company: July 12 Sold merchandise to Wally Butler, who paid for the $1,000 purchase with cash. The goods cost Evergreen Company $600. 15 Sold merchandise to Claudio's Chair Company at a selling price of $5,000 on terms 3/10,n/30. The goods cost Evergreen Company $3,500. 20 Sold merchandise to Otto's 0ttomans at a selling price of $3,000 on terms 3/10,n/30. The goods cost Evergreen Company $1,900. 23 Collected payment from Claudio's Chair Company from the July 15 sale. Aug. 25 Collected payment from Otto's 0ttomans from the July 20 sale. Required: Prepare journal entries to record the transactions, assuming Evergreen Company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Note: Enter debits before credits
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