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Business, 06.04.2021 02:20 Katyazamo

Abbey Co. sold merchandise to Gomez Co. on account, $31,300, terms 2/15, net 45. The cost of the goods sold was $15,982. Abbey Co. issued a credit memo for $3,800 for merchandise returned that originally cost $1,062. Gomez Co. paid the invoice within the discount period. What is the amount of gross profit earned by Abbey Co. on the above transactions

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Abbey Co. sold merchandise to Gomez Co. on account, $31,300, terms 2/15, net 45. The cost of the goo...
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