Q28: Joe owns an auto parts store
Q29: Only periodic systems must take a physical
Q30: When merchandise is sold,the perpetual inventory system
Q31: Under the _ inventory system,no entries are
Q32: Given the following accounts:
[1] Cash
[2] Accounts receivable
[3] Merchandise inventory
[4] Supplies
[5] Accounts payable
[6] Sales
[7] Sales
Q34: Inventory purchases are entered in the Merchandise
Q35: Under the _ inventory system,cost of goods
Q36: In a perpetual inventory system,Cost of Goods
Q37: The _ system of accounting for inventory
Q38: Joe owns an auto parts store
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