Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 49

FunLand Inc.s a retailer of toys and games.unLand's beginning inventory is $160,000 and its purchases during the year are $500,000.ts ending inventory is $60,000.ake the closing entries necessary given that FunLand uses a periodic inventory system.