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10. a) Record the journal entry for selling merchandise for $21 000 Cash on June 8th if the Cost of Goods Sold is the value

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10. a) Record the journal entry for selling merchandise for $21 000 Cash on June 8th if the Cost of Goods Sold is the value calculated in the previous question. (Note, if you cannot answer the last question, make up a number). (4A 1C) b) If this is the only purchase for the company in this month. What is the Gross Profit for the Company? (2K) Type your response here

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