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University Of California, San Diego Operations And Supply Chain Management Assignment Help - Company s ledger

Question - ACCT 1A: Financial Accounting... Ch. 4-6 1.Nix It Company s ledger on July 31, its fiscal year-end, includes the following selected accounts that have normal balances (Nix It uses the perpetual inventory system). Merchandise inventory $ 34,800 Sales returns and allowances $ 3,500 Retained earnings 115,300 Cost of goods sold 102,000 Dividends 7,000 Depreciation expense 7,300 Sales 157,200 Salaries expense 29,500 Sales discounts 1,700 Miscellaneous expenses 2,000 A physical count of its July 31 year-end inventory discloses that the cost of the merchandise inventory s ...Read More

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