A firm that sells furniture has the following purchases from the manufacturer and consumer sales.

• June 1, purchase 10 couches for $8,000 plus $440 shipping, terms 2/10, n/30
• June 11, paid for June 1 purchase
• June 12, 2018, purchase fifteen tables for $4500 plus $450 shipping, terms 2/10, n/30
• June 2-30: sold 4 couches for $1,500 each, terms 1/20, n/30
• June 8, received customer payment for 1 couch.
• June 13-30, sold 3 tables for $300 each in cash
  • What is the balance at June 30 in A/R, A/P, inventory?
  • What was the gross margin for the month?