Salem Electronics, an electronics supply company, uses the perpetual inventory system with a subsidiary inventory ledger to

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Salem Electronics, an electronics supply company, uses the perpetual inventory system with a subsidiary inventory ledger to maintain control over an inventory of thousands of electronic parts. The quantities and costs for three of the parts in the inventory follow:

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Your job is to do the following:

1. Enter the beginning balances in the inventory record forms; beginning inventory is $422.

2. Journalize and post the following transactions.

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Related Book For  book-img-for-question

College Accounting A Practical Approach

ISBN: 9780134729312

14th Edition

Authors: Jeffrey Slater, Mike Deschamps

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