June 1: XYZ Company sold Choose... merchandise to ABC Company for $9,500; terms 2/5, n/15, FOB destination (cost of sales $6,650) What is the Gross Profit on this transaction? On June 2 This Company purchased $4,900 of merchandise from Any Company terms 1/10 Choose... Dr. AR $9,500 and Cr. Sales $9,500 Dr. Cash $9,310, Dr. Sales Discount $190 and Cr. AR $9,500 $0 Dr. AR $6,650 and Cr. Sales $6,650 Dr. AP $4,900, Cr. Cash $4,851 and Cr. Inventory $49 Not applicable Dr. AP $4,900, Cr. Cash $4,410 and Cr. Inventory $490 This Company Dr. AR $9,500 and Cr. Sales $9,500 AND Dr. COGS $6,650 and Cr. Inventory $6,650 Dr. Cash $9,025, Cr. Sales Discount $475 and Cr. AR $9,500 Dr. Cash $9,500 and Cr. AR $9,500 $9,500 Any Company $2,850 Dr. AP $4,900 and Cr. Cash $4,900 CTUOSE