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Anna Inc. uses a perpetual inventory system and has $800 of inventory on 12/1. On 12/20, Anna sells goods on account for $600. The original

Anna Inc. uses a perpetual inventory system and has $800 of inventory on 12/1. On 12/20, Anna sells goods on account for $600. The original cost was $300. On 12/31, Anna does a physical count and finds $450 of inventory. What are the journal entries for the sale and end of the fiscal year?

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