odule Three Assignment - ACC x* CengageNOWv2 | Online teachir xcom/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre...O eBookShow Me HowGross ProfitDuring the current year, merchandise is sold for $118,700 cash and $454,300 on account. The cost of the goods sold is $383,900. What is the amountof the gross profit?PreviousNextCheck My Work6:37 AM45°FA D E a O11/13/2021

Answered: During the current year, merchandise is…

During the current year, merchandise is sold for $118,700 cash and $454,300 on account. The cost of the goods sold is $383,900. What is the amount of the gross profit?

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 3.3C

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odule Three Assignment - ACC x
* CengageNOWv2 | Online teachir x
com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre...
O eBook
Show Me How
Gross Profit
During the current year, merchandise is sold for $118,700 cash and $454,300 on account. The cost of the goods sold is $383,900. What is the amount
of the gross profit?
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