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Required Information [The forlowing information opplies to the questions of splayed below? Darington Company entered into the following busincss events during its first month of
Required Information [The forlowing information opplies to the questions of splayed below? Darington Company entered into the following busincss events during its first month of operations. The company uses the perpetial inventory system. 7) The compeny purchased $13,700-of merchandise on account under terms 3/10, n/30 2) The company retumed $3,200 of merchandise to the supplier before payment was made: 3) The liablity was pasd within the discount period 4) All of the merchandise purchased was soid for 521,400 cash. What is the gross maigin that restals from these four transactions? Matipie Craice: S,469 5434 57500 5+12+5
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