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QUESTION 6 During the months of January, Pearson Corporation sold goods to customers. Assume Pearson uses a perpetual inventory system. The sequence of events
QUESTION 6 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 Transaction Jan 10 Jan 19 Sold goods for $1301 to Kate Inc. with terms 1/15, n/30 The goods cost Pearson $547 Sold goods to Randall Corp for $1694 with terms 2/15, n/30. The goods cost Pearson $710, Collected cash due from Randall Inc. What is the gross profit from these transactions?
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