Prepare journal entries to record the tjuly 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. 16 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 received cash from claudio’s chair company for the amount due from july 15. 31 received cash from otto’s ottomans for the amount due from july 16.ransactions, assuming evergreen company records discounts using the net method in a perpetual inventory system. forfeited discounts are recorded as other revenue