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Abbey Co. sold merchandise to Gomez Co. on account, $28,300, terms 2/15, n/45. The cost of the goods sold was $15,759. Abbey Co. issued
Abbey Co. sold merchandise to Gomez Co. on account, $28,300, terms 2/15, n/45. The cost of the goods sold was $15,759. Abbey Co. issued a credit memo for $3,400 for merchandise returned that originally cost $1,268. What is the amount of gross profit earned by Abbey Co. on these transactions? O a $13,243 b. $10,409 Oc. $14,491 Od. $3,400
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