Solution-Compute net sales for the two months ended august

Compute net sales for the two months ended august

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Reference no: EM13873223

The following transactions were selected from the records of Evergreen Company:

July 12 sold merchandise to Wally Butler, who paid the $ 1,000 purchase with cash. The goods cost Evergreen Company $ 600.
15 Sold merchandise to Claudio's Chair Company at a selling price of $ 5,000 on terms 3/10, n/30. The goods cost Evergreen Company $ 3,500.
20 Sold merchandise to Otto's Ottomans at a selling price of $ 3,000 on terms 3/10, n/30. The goods cost Evergreen Company $ 1,900.
23 Collected payments 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.

Reference no: EM13873223

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Compute net sales for the two months ended august

Reference no: EM13873223

Reference no: EM13873223

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