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
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
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter9: Sales And Purchases
Section: Chapter Questions
Problem 8E: Toby Company had the following sales transactions for March: Mar. 6Sold merchandise on account to...
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