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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...
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?
