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Abbey Co. sold merchandise to Gomez Co. on account, $31,100, terms 2/15, net 45. The cost of the merchandise sold was $13,900. Abbey Co. issued

Abbey Co. sold merchandise to Gomez Co. on account, $31,100, terms 2/15, net 45. The cost of the merchandise sold was $13,900. Abbey Co. issued a credit memo for $3,400 for merchandise returned that originally cost $1,400. Gomez Co. paid the invoice within the discount period. What is the amount of gross profit earned by Abbey Coon the above transactions? Ca. $30,478 . $27,146 c. $14,646 d. $3,400

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