Question $4$

Company A has a perpetual inventory. Following are transactions of Company A:

December $1,2020$ Purchased merchandise worth TL $230,000$; $5/10$; n$/30,$

December $3,2020$ Returned TL $30,000$ of merchandise purchased.

December $6,2020$ Sold merchandise for TL $150,000,10/10$; n$/30,$ Cost of the merchandise

sold was TL $120,000.$

December $8,2020$ Our customer returned the $\%10$ of merchandise sold on December $6,$

December $9,2020$ Paid for the merchandise purchased on December $1,2020.$

December $15,2020$ Received payment for the merchandise sold on December $6.$

Required:

Journalize the transactions $($gross sales price$)$ and prepare the ledger accounts

Calculate the gross profit

Calculate the gross profit margin