(Appendix) Closing entries for merchandise-related accounts include all of the following except for: a. A credit to...

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(Appendix) Closing entries for merchandise-related accounts include all of the following except for:

a. A credit to Sales Discounts.

b. A credit to Merchandise Inventory for the cost of ending inventory.

c. A debit to Purchase Discounts.

d. A credit to Transportation-In.

e. A debit to Sales.

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Financial Accounting A Business Perspective

ISBN: 9780072289985

7th Edition

Authors: Roger H. Hermanson, James Don Edwards

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