Normal balances of merchandise accounts OBJ. 2 What is the normal balance of the following accounts: (a)

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Normal balances of merchandise accounts OBJ. 2 What is the normal balance of the following accounts:

(a) Cost of Merchandise Sold, (b)

Customer Refunds Payable,

(c) Delivery Expense,

(d) Estimated Returns Inventory, (e)

Merchandise Inventory,

(f) Sales, (g) Sales Tax Payable.

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Financial And Managerial Accounting

ISBN: 9781305267831,9781305267848

13th Edition

Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac

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