question archive The following transactions were selected from the records of Evergreen Company: July 12 Sold merchandise to Wally Butler, who paid the $1,200 purchase with cash The goods cost Evergreen Company $700 July 15 Sold merchandise to Claudio’s Chair Company at a selling price of $5,200 on terms 3/10, n/30 The goods cost Evergreen Company $3,600 July 20 Sold merchandise to Otto’s Ottomans at a selling price of $3,100 on terms 3/10, n/30 The goods cost Evergreen Company $2,000 July 23 Collected payment from Claudio’s Chair Company from the July 15 sale Aug 25 Collected payment from Otto’s Ottomans from the July 20 sale Required:Assuming that Sales Discounts are reported as contra-revenue, compute Net Sales for the two months ended August 31 (Round your answer to 2 decimal places) What is the Net Sales?
Subject:AccountingPrice: Bought3
The following transactions were selected from the records of Evergreen Company:
July 12 Sold merchandise to Wally Butler, who paid the $1,200 purchase with cash The goods cost Evergreen Company $700
July 15 Sold merchandise to Claudio’s Chair Company at a selling price of $5,200 on terms 3/10, n/30 The goods cost Evergreen Company $3,600
July 20 Sold merchandise to Otto’s Ottomans at a selling price of $3,100 on terms 3/10, n/30 The goods cost Evergreen Company $2,000
July 23 Collected payment from Claudio’s Chair Company from the July 15 sale
Aug 25 Collected payment from Otto’s Ottomans from the July 20 sale
Required:Assuming that Sales Discounts are reported as contra-revenue, compute Net Sales for the two months ended August 31 (Round your answer to 2 decimal places)
What is the Net Sales?