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.
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.
20	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.
23	Collected payment from Claudios Chair Company from the July 15 sale.
Aug. 25	Collected payment from Ottos Ottomans 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.)

Record the cash sales of $1,000 to Wally Butler.

Record the cash sales of $1,000 to Wally Butler.

Record the cost of goods sold of $600.

Record the sales on account of $5,000 to Claudios Chair Company on terms 3/10, n/30.

Record the cost of goods sold of $3,500

Record the sales on account of $3,000 to Ottos Ottomans on terms 3/10, n/30.

Record the cost of goods sold of $1,900.

Record the receipt of payment in full from Claudios Chair Company.

Record the receipt of payment in full from Ottos Ottomans.

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Supply the missing dollar amounts for the income statement of Williamson Company for each of the following independent cases:

	Case A	Case B	Case C
Sales Revenues	$8,000	$6,000
Sales Returns and Allowances	150		275
Net Sales			5,920
Cost of Goods Sold	5,750	4,050	5,400
Gross Profit		1,450