Question

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

July		12		Sold merchandise to Wally Butler, who paid the $1,160 purchase with cash. The goods cost Evergreen Company $680.
		17		Sold merchandise to Claudio’s Chair Company at a selling price of $5,160 on terms 3/10, n/30. The goods cost Evergreen Company $3,580.
		18		Sold merchandise to Otto’s Ottomans at a selling price of $3,080 on terms 3/10, n/30. The goods cost Evergreen Company $1,980.
		23		Received cash from Claudio’s Chair Company for the amount due from Jul-17.
		31		Received cash from Otto’s Ottomans for the amount due from July Jul-18.

Required:

Compute the amount of revenue to be reported for the month ended July 31. (Round your answer to 2 decimal places.)

Answer 1

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