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?

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?

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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 $1,200 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?

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