what was its cost of goods sold? quizlet
accounting chapter 4 quiz - A company had sales of $695,000... â Payment of the account payable and recognition of a cash discount taken Sale Purchase Return On October 1, Robertson Company sold merchandise in the amount of $5,800 to Alberts, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Robertson uses the perpetual inventory system.