Presented below is information related to Hurley Co. for the month of January 2012. Instructions(a) Prepare the
Question:
Presented below is information related to Hurley Co. for the month of January 2012.
Instructions(a) Prepare the necessary adjusting entry for inventory.(b) Prepare the necessary closingentries.
Transcribed Image Text:
Ending inventory per Insurance expense $ 12,000 perpetual records Ending inventory actually on hand Cost of goods sold Freight-out $ 21.600 Rent expense Salaries and wages expense Sales discounts Sales returns and allowances Sales revenue 20,000 55.000 21,000 218.000 10,000 13,000 380,000 7.000
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Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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