Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following transactions were selected from the

The following transactions were selected from the records of Evergreen Company: July 12 Sold...

70.2K

Verified Solution

Question

Accounting

The following transactions were selected from the records of Evergreen Company:
July 12 Sold merchandise to Wally Butler, who paid the $860 purchase with cash. The goods cost Evergreen Company $530. July 17 Sold merchandise to Claudio's Chair Company at a selling price of $4,860 on terms 310,n30. The goods cost Evergreen Company $3,430.
July 18 Sold merchandise to Otto's Ottomans at a selling price of $2,930 on terms 310,n30. The goods cost Evergreen Company $1,830.
July 23 Received cash from Claudio's Chair Company for the amount due from July 17.
July 31 Received cash from 0tto's ottomans for the amount due from July 18.
Required:
Compute the amount of Net Sales to be reported for the month ended July 31.(Round your answer to 2 decimal places.)
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Sun TV Inc. is presently enjoying relatively high growth because of a surge in the demand...

Finance
Q

During the experiment of shell and tube heat exchanger by using this equipment the Source of...

Mechanical Engineering
Q

What is the gradient of the least squares loss with regularization? This classifier is actually called...

Advance Math
Q

If R and L are resistance and inductance of choke coil and f is the...

Physics
Q

Find the length of an arc that subtends a central angle of 310 in a...

Geometry
Q

Find the value of a that makes quadrilateral PQRS a parallelogram S P a 22...

Geometry
Q

Assuming that we are drawing five cards from a standard 52 card deck how many...

Basic Math
Q

Let f x cos x on 0 2 find the x intercepts of f x...

Basic Math
Q

! Required information [The following information applies to the questions displayed below.] ...

Accounting
Q

On December 1, 2025, Sheridan Distributing Company had the following account balances. During December, the...

Accounting
Q

Which of the following is a false statement (not true) regarding court cases, revenue rulings,...

Accounting
Q

Susan Orman wants to pay $1,410 semiannually to her granddaughter for 11 years for helping...

Finance