Project #78119 - accounting test

    • On November 1, 2015, Wrenns Martch sold merchandise for $10,000, FOB destination, with payment terms of 3/10, n/40. Sales returns on this sale amounted to $3,000. Wrenns received payment for the balance on November 10, 2015. The cost of goods sold was $3,600. Calculate the amount of gross profit from the transaction.

    $1,800


    $3,190


    $1,320


    $6,790

    Subject Business
    Due By (Pacific Time) 08/02/2015 07:00 pm
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