Assume that gallant company uses a periodic inventory system and has these account balances: purchases $450,000, purchase
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Assume that gallant company uses a periodic inventory system and has these account balances: purchases $450,000, purchase returns and allowances $13,000, purchase discounts $8,000, and freight-in $18,000. determine net purchases and cost of goods purchased.
Related Book For
Accounting Principles
ISBN: 978-1118342190
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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