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The following transactions are given for TTB Company. 10 Jun: Purchased merchandise on account from Tiger Company for TL 1.850. 15 Jun: Sold merchandise on
The following transactions are given for TTB Company.
10 Jun: Purchased merchandise on account from Tiger Company for TL 1.850.
15 Jun: Sold merchandise on account (TL 400) under the condition 5/10,n/30. Its cost was TL 300.
27 Jun: One customer returned the goods (TL 50). Their cost was TL 30.
28 Jun: Sold merchandise on account (TL 600) under the condition 5/10,n/30. Its cost was TL 450.
30 Jun: Collected cash for the sale from 28 Jun.
Gross Profit after these transactions is:
300 TL
720 TL
620 TL
200 TL
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