Presented below is information related to Russell Corporation for the month of January 2015. Cost of goods

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Presented below is information related to Russell Corporation for the month of January 2015.

Cost of goods sold €202,000 Salaries and wages expense € 61,000 Delivery expense 7,000 Sales discounts 8,000 Insurance expense 12,000 Sales returns and allowances 13,000 Rent expense 20,000 Sales revenue 340,000 Instructions Prepare the necessary closing entries.

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Intermediate Accounting IFRS Edition

ISBN: 9781118443965

2nd Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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