Business, 19.07.2021 20:40 kaitherusher

Darlington Company entered into the following business events during its first month of operations. The company uses the perpetual inventory system. 1) The company purchased $12,500 of merchandise on account under terms 3/10, n/30. 2) The company returned $2,000 of merchandise to the supplier before payment was made. 3) The liability was paid within the discount period. 4) All of the merchandise purchased was sold for $19,000 cash. What is the gross margin that results from these four transactions

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Darlington Company entered into the following business events during its first month of operations....