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The following transactions were selected from the records of Evergreen Company: July 12 Sold merchandise to Wally Butler, who paid the $1,000 purchase with cash.
The following transactions were selected from the records of Evergreen Company:
July 12 | Sold merchandise to Wally Butler, who paid the $1,000 purchase with cash. The goods cost Evergreen Company $600. |
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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 16 | 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 | Received cash from Claudios Chair Company for the amount due from July 15. |
July 31 | Received cash from Ottos Ottomans for the amount due from July 16. |
Required:
Compute the amount of Net Sales to be reported for the month ended July 31.
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