Discuss the below:
Q: July 12 Sold merchandise to Wally Butler, who paid the $980 purchase with cash. The goods cost Evergreen Company $590. 15 Sold merchandise to Claudio's Chair Company at a selling price of $4,980 on terms 3/10, n/30. The goods cost Evergreen Company $3,490. 20 Sold merchandise to Otto's Ottomans at a selling price of $2,990 on terms 3/10, n/30. The goods cost Evergreen Company $1,890. 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.