Exam (elaborations)
Smart book chapter 4 review part 2 Terms in this set (12) Identify the statements below that are correct regarding the closing entries for a merchandiser using the perpetual inventory system? 1. Sales is closed as a revenue account 2. Sales Returns
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Smart book chapter 4 review part 2 Terms in this set (12) Identify the statements below that are correct regarding the closing entries for a merchandiser using the perpetual inventory system? 1. Sales is closed as a revenue account 2. Sales Returns and Allowances is closed with the expense a...
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