Orlaida Company has the following merchandise account balances: Sales $192,000. Sales Discounts $2,000, Cost of Goods Sold
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Orlaida Company has the following merchandise account balances: Sales $192,000.
Sales Discounts $2,000, Cost of Goods Sold $105,000. and Merchandise Inventory $40,000. Prepare the entries to record the closing of these items to Income Summary.
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Related Book For
Financial Accounting Text Only
ISBN: 9780006575405
5th Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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