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At year end, Daisy's Gardening Company revealed the following account balances: inventory $15,200; cost of goods sold $70,000; operating expenses $33,000; sales revenue $95,600, sales

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At year end, Daisy's Gardening Company revealed the following account balances: inventory $15,200; cost of goods sold $70,000; operating expenses $33,000; sales revenue $95,600, sales returns and allowances $9,560; and sales discounts $2,868. After a physical count of the inventory, the merchandise inventory on hand is determined to be $13,475. Instructions - Using Excel: (a) Journalize the necessary adjusting entry. (b) Journalize the closing entries. (c) Does Daisy's Gardening Company show a net income or net loss for the period? (d) What is the dollar amount of the net income or net loss? Note that you don't need to format a journal entry page with the appropriate headers (just type the journal entries), however, your entries must be in proper format or they will be marked incorrect. Please label your answers a, b, c, and d

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