$14,000 $2,000 $900,000 $675,000 3.01 SELLING EXP INTEREST EXP REVENUE COST OF GOODS SOLD: WHAT IS THE GROSS PROFIT PERCENTAGE? 02.s The Club Continental had 16 cases of Jaegermiester (or however you spell that) delivered at a cost of $120 per case. Freight of $180 in cash was paid was $180. The seller invoiced the club and and offered a 2% discount for payment in 10 days or less. 3.03 DR 3.04 DR 3.05 Each shot poured is expensed to COGS at $1.15 Record the entry to relieve DR