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Business, 27.05.2020 18:02 willjean6978

Abbey Co. sold merchandise to Gomez Co. on account, $33,600, terms 2/15, net 45. The cost of the merchandise sold was $13,900. Abbey Co. issued a credit memo for $2,700 for merchandise returned that originally cost $1,500. 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, $33,600, terms 2/15, net 45. The cost of the mer...

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