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PAYROLL ACCT.,2019 ED.(LL)-TEXT

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter2: Computing Wages And Salaries

Section: Chapter Questions

Problem 21PA

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Question

General accounting

During March, Michael spent $1,200 to buy 40 products and sold 12 of them
for $55 each. Michael should record
A. $1,200
B. $360
C. $660
D. $240
as an expense for March.

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