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Prepare the salary for sale

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Reference no: EM132943048

Question - Liberia Nuevo Dawn sold 650 books on credit for $ 20.00 each with a sales term of 2/10 n / 30. The cost of the books sold is $ 7,500. After selling the books, the customer returned 40 books because they were damaged. After the client paid the balance owed on the fifth day of having bought the books. Jornalize the sale, the return and the payment made by the customer. Indicate what is the gross profit that New Dawn bookstore obtained for this sale.

Please prepare the salary for sale, return and customer payment with discount, also calculate the gross profit. Work with income statement format.

Reference no: EM132943048

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