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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381 Exercise 26
Marietta Corporation uses a perpetual inventory system.ll of its sales are made on account.he company sells merchandise costing $3,000 at a sales price of $4,300.n recording this transaction, Marietta will make all of the following entries except:
a.redit Sales, $4,300.
b.redit Inventory, $4,300.
c.ebit Cost of Goods Sold, $3,000.
d.ebit Accounts Receivable, $4,300.
a.redit Sales, $4,300.
b.redit Inventory, $4,300.
c.ebit Cost of Goods Sold, $3,000.
d.ebit Accounts Receivable, $4,300.
Explanation
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Periodic Inventory method records the tr...
Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
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