Accounting, Binder Ready Version: Tools for Business Decision Making - Standalone book
Accounting, Binder Ready Version: Tools for Business Decision Making - Standalone book
6th Edition
ISBN: 9781119191674
Author: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Publisher: WILEY
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Chapter 4, Problem 11E
To determine

Prepare the adjusting journal entries in the book of S Corporation at October, 31.

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Ravon Traders began the accounting period with $49,200 of merchandise, and the net cost of purchases was $238,500. A physical inventory count showed $61,700 of merchandise unsold at the end of the period. The cost of goods sold of Ravon Traders for the period is?
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Accounting, Binder Ready Version: Tools for Business Decision Making - Standalone book

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