Business, 16.10.2019 21:00 vero5047

At the beginning of year 2, the bradley company had the following balances in its accounts: cash $53,600 inventory 18,000 common stock 65,000 retained earnings 6,600 during year 2, the company experienced the following events: purchased inventory that cost $4,400 on account from bivins company. purchased two $50,000 tracts of land for a total price of $100,000. 30% was paid in cash, the balance was borrowed from the bank. sold inventory that cost $6,000 for $11,000 on account. purchased a delivery van for $15,000 cash. paid half the amount due to bivins company. paid 10% of the outstanding balance on the land note. sold one tract of land for $70,000 cash. what was bradley's year 2 gross margin?

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At the beginning of year 2, the bradley company had the following balances in its accounts: cash $5...

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