(Answered) Question during the current year merchandise is sold for

Accounting

Question: During the current year, merchandise is sold for $18,300 cash and $295,700 on account. The The cost that is reported as an expense when merchandise is sold.cost of the merchandise sold is $188,000. What is the amount of the gross profit? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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