Using the information in E6-14, prepare journal entries to record the transactions, assuming Ever-green Company uses a perpetual inventory system.
Info E6-14
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 payment from Claudio’s Chair Company from the July 15 sale.
Aug. 25 Collected payment from Otto’s Ottomans from the July 20 sale.