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PB 6 - 3 ( Algo ) Recording Sales and Estimated and Actual Returns, and Analyzing Gross Profit Percentage [ LO 6 - 4 ,
PBAlgo Recording Sales and Estimated and Actual Returns, and Analyzing Gross Profit Percentage LO LO The following information applies to the questions displayed below. Northside Hardware NH is a local hardware store. NH uses a perpetual inventory system. The following transactions summarized have been selected for analysis: a Sold merchandise for cash cost of merchandise $ b Received merchandise returned by customers as unsatisfactory but in perfect condition for cash refund original cost of merchandise $ $ c Sold merchandise costing $ to a customer on account with terms d Collected half of the balance owed by the customer in c e Granted a partial allowance relating to credit sales the customer in c had not yet paid. Anticipate further returns of merchandise costing $ after yearend from sales made during the year. PBAlgo Part Compute the gross profit percentage. Round your answer to decimal place.
PBAlgo Recording Sales and Estimated and Actual Returns, and Analyzing Gross Profit Percentage LO LO
The following information applies to the questions displayed below.
Northside Hardware NH is a local hardware store. NH uses a perpetual inventory system. The following transactions summarized have been selected for analysis:
a Sold merchandise for cash cost of merchandise $
b Received merchandise returned by customers as unsatisfactory but in perfect condition for cash refund original cost of merchandise $
$
c Sold merchandise costing $ to a customer on account with terms
d Collected half of the balance owed by the customer in c
e Granted a partial allowance relating to credit sales the customer in c had not yet paid.
Anticipate further returns of merchandise costing $ after yearend from sales made during the
year.
PBAlgo Part
Compute the gross profit percentage. Round your answer to decimal place.
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