The following transactions were selected from the records of Evergreen Company: July 12 Sold merchandise to Wally Butler, who paid the $1,080 purchase with cash. The goods cost Evergreen Company $640. July 16 Sold merchandise to Claudio's Chair Company at a selling price of $5,080 on terms 3/10, n/30. The goods cost Evergreen Company $3,540. July 19 Sold merchandise to Otto's Ottomans at a selling price of $3,040 on terms 3/10, n/30. The goods cost Evergreen Company $1,940. July 23 Received cash from Claudio's Chair Company for the amount due from July 16. July 31 Received cash from Otto's Ottomans for the amount due from July 19. Required: Compute the amount of Net Sales to be reported for the month ended July 31. (Round your answer to 2 decimal places.) Net Sales

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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 $1,080 purchase with cash. The goods cost Evergreen Company $640.
July 16 Sold merchandise to Claudio's Chair Company at a selling price of $5,080 on terms 3/10, n/30. The goods cost
Evergreen Company $3,540.
July 19
Sold merchandise to Otto's Ottomans at a selling price of $3,040 on terms 3/10, n/30. The goods cost Evergreen.
Company $1,940.
July 23 Received cash from Claudio's Chair Company for the amount due from July 16.
July 31 Received cash from Otto's Ottomans for the amount due from July 19.
Required:
Compute the amount of Net Sales to be reported for the month ended July 31. (Round your answer to 2 decimal places.)
Net Sales
Transcribed Image Text:The following transactions were selected from the records of Evergreen Company: July 12 Sold merchandise to Wally Butler, who paid the $1,080 purchase with cash. The goods cost Evergreen Company $640. July 16 Sold merchandise to Claudio's Chair Company at a selling price of $5,080 on terms 3/10, n/30. The goods cost Evergreen Company $3,540. July 19 Sold merchandise to Otto's Ottomans at a selling price of $3,040 on terms 3/10, n/30. The goods cost Evergreen. Company $1,940. July 23 Received cash from Claudio's Chair Company for the amount due from July 16. July 31 Received cash from Otto's Ottomans for the amount due from July 19. Required: Compute the amount of Net Sales to be reported for the month ended July 31. (Round your answer to 2 decimal places.) Net Sales
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