Question #12250113
Accounting Homework Question?
I have question regarding journalizing closing/adjusting entries. here is the question I am struggling with, inventory count at 12/31/12 shows $57000 of merchandise inventory remaining. Make an adjusting journal entry (AJE) to close purchases, adjust Merchandise Inventory to ending balance, and create a Cost of Goods Sold account. Merchandise Bought during the year = 347990 Merchandise sold during the year = 659700 Beginning merchandise= 60,000 Any help would be appreciated Thank you!
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Accounting Homework Question question regarding journalizing closing adjusting entries question struggling inventory 12 31 12 57000 merchandise
inventory remaining adjusting journal purchases
adjust Merchandise Inventory ending balance create account
Merchandise Bought during 347990
Merchandise during 659700
Beginning merchandise 60 000
Any appreciated you
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