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Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339 Exercise 56
Journalizing perpetual inventory transactions-cost of sales given
Accounting records for Josh's Shopping Bags yield the following data for the year ended May 31, 2012:
Requirements
1. Journalize the inventory transactions for the company using the data given.
2. Report ending inventory on the balance sheet, and sales, cost of goods sold, and gross profit on the income statement.
Accounting records for Josh's Shopping Bags yield the following data for the year ended May 31, 2012:
Requirements
1. Journalize the inventory transactions for the company using the data given.
2. Report ending inventory on the balance sheet, and sales, cost of goods sold, and gross profit on the income statement.
Explanation
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Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
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