At the end of the financial year, prepare the general journal to close out the sales account
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At the end of the financial year, prepare the general journal to close out the sales account $32 000 and cost of sales account $19 500 to trading account and post to the general ledger.
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General Journal Entry to Close Sales and Cost of Sales Accounts Date Date of the transaction Descrip...View the full answer
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Related Book For 
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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