Better Purchase Inc. sells electronic devices and other customer services. During 2022 Better Purchase sold 500 computers for $300 per computer. The computers cost Better Purchase $200. Customers could return the item within the next year. Better Purchase estimated returns at 5%. During the year, 10 computers had been returned. Please journalize these events.

What was the gross profit for 2022 after these events?

Answer rating: 100% (QA)

1 Dr cash 500x300 150000 Cr computer 150000 this is to record sale of computers 2Dr Compu... View the full answer