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6. On March 12 we sold merchandise on account to C.F. Howell Co. for $2,800, terms FOB destination, 2/10, n/30. The cost of the merchandise
6. On March 12 we sold merchandise on account to C.F. Howell Co. for $2,800, terms FOB destination, 2/10, n/30. The cost of the merchandise sold was $1,125. a. Accounts Receivable 2,800 Cost of Merchandise Sold 1,125 Gross Profit 1,675 b. Accounts Receivable 2,800 Sales 2,800 Cost of Merchandise Sold 1,125 Gross Profit 1,125 c. Accounts Receivable 2,800 Sales 2,800 Cost of Merchandise Sold 1,125 Merchandise Inventory 1,125 d. Accounts Receivable 2,744 Sales 2,744 Cost of Merchandise Sold 1,125 Merchandise Inventory 1,125 e. None of the above
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