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The following transactions were selected from the records of Evergreen Company: Sold merchandise to Wally Butler, who paid the $880 purchase with cash. The goods
The following transactions were selected from the records of Evergreen Company: Sold merchandise to Wally Butler, who paid the $880 purchase with cash. The goods cost Evergreen Company $540. Sold merchandise to Claudio's Chair Company at a selling price of $4, 880 on terms 3/10, n/30. The goods cost Evergreen Company $3, 440. Sold merchandise to Otto's Ottomans at a selling price of $2, 940 on terms 3/10, n/30. The goods cost Evergreen Company $1, 840. Collected payment from Claudio's Chair Company from the July 15 sale. Collected payment from Otto's Ottomans from the July 20 sale. 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 places.)
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