Journal entries : The journal entries are prepared by the organization to record the daily transactions that are non-economic and economic in nature. The ledger accounts are prepared based on the journal entries. To prepare: The journal entries using the periodic inventory system and gross method.

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Chapter 4, Problem 22E

To determine

Introduction:

Journal entries: The journal entries are prepared by the organization to record the daily transactions that are non-economic and economic in nature. The ledger accounts are prepared based on the journal entries.

To prepare: The journal entries using the periodic inventory system and gross method.

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