Question: This Test 3 Mountain Gear uses the perpetual inventory system and sells 5600 000 of sporting goods to Varsity Clothiers under credit forms of 1/10,

This Test 3 Mountain Gear uses the perpetual inventory system and

This Test 3 Mountain Gear uses the perpetual inventory system and sells 5600 000 of sporting goods to Varsity Clothiers under credit forms of 1/10, net 60 on April 10, 2020 Mountain Gear's cost of the goods is 5420 de and the the appropriate amount of cash from Varsity Clothiers on April 20, 2020 Journalize Mountain Gear's transactions on April 10, 2020 and April 20_2020. How much gross margin did Mountain Gear eam on this sale? Journalize Mountain Geat's sale of the sporting goods. The journal entry for Mountain Gear's cost of goods sold will be in the next step (Record debits first, then credits. Exclude explanations from journal entries Journal Entry Date Accounts Debit Credit Apr 10 Next, Journalize Mountain Gear's cost of goods sold Journal Entry Date Accounts Debit Credit Apr 10 Choose from any list or enter any number in the input nelds and then continue to the next

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