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During the months of January, Pearson Corporation sold goods to customers. Assume Pearson uses a perpetual inventory system. The sequence of events was as

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During the months of January, Pearson Corporation sold goods to customers. Assume Pearson uses a perpetual inventory system. The sequence of events was as follows Date Jan 6 Jan 10 Jan 19 Transaction Sold goods for $1030 to Kate Inc. with terms 1/15, n/30. The goods cost Pearson $521. Sold goods to Randall Corp for $1680 with terms 2/15, n/30. The goods cost Pearson $840 Collected cash due from Randall Inc. What is the gross profit from these transactions? 1338.7

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