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solve Abbey Co. sold merchandise to Gomez co on account, $32,600, terms 2/15, net 45. The cost of the goods sold was $13,853. Abbey Co.
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Abbey Co. sold merchandise to Gomez co on account, $32,600, terms 2/15, net 45. The cost of the goods sold was $13,853. Abbey Co. issued a credit memo for $3,900 for merchandise returned that originally cost $1,396. Gomez Co. paid the invoice within the discount period. What is the amount of gross profit earned by Abbey Co. on the above transactions? Os. S15,669 b. 57.900 Oc. $12,457 Od. 19,491 Step by Step Solution
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