Question
The following transactions were selected from the records of Evergreen Company: July 12 Sold merchandise to Wally Butler, who paid the $1,060 purchase with cash.
The following transactions were selected from the records of Evergreen Company: July 12 Sold merchandise to Wally Butler, who paid the $1,060 purchase with cash. The goods cost Evergreen Company $630. 15 Sold merchandise to Claudios Chair Company at a selling price of $5,060 on terms 3/10, n/30. The goods cost Evergreen Company $3,530. 20 Sold merchandise to Ottos Ottomans at a selling price of $3,030 on terms 3/10, n/30. The goods cost Evergreen Company $1,930. 23 Received cash from Claudios Chair Company for the amount due from Jul-15. 31 Received cash from Ottos Ottomans for the amount due from July Jul-20. Required: Compute the amount of revenue to be reported for the month ended July 31.
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