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1. Prepare journal entries to record the transactions 1-14. 2. Prepare the income statement 3. Calculate the inventory turnover ratio and days to sell assuming
1. Prepare journal entries to record the transactions 1-14.
2. Prepare the income statement
3. Calculate the inventory turnover ratio and days to sell assuming that inventory was $500 on January 1. (Use 365 days a year. Round your intermediate calculations and final answers to 1 decimal place)
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