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Abbey Co. sold merchandise to Gomez Co. on account, $34,600, terms 2/15, net 45. The...

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Accounting

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Abbey Co. sold merchandise to Gomez Co. on account, $34,600, terms 2/15, net 45. The cost of the goods sold was $13,152. Abbey Co. issued a credit memo for $4,200 for merchandise returned that originally cost $1,249. Gomez Co. paid the invoice within the discount period. What is the amount of gross profit earned by Abbey Co. on the above transactions? Oa. $4,200 Ob. $11,903 Oc. $17,889 Od. $22,005

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