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Based on the information provided in the page above, prepare the journal entries to record ToneLife Musics January transactions assuming the company uses periodic inventory
Based on the information provided in the page above, prepare the journal entries to record ToneLife Musics January transactions assuming the company uses periodic inventory system. For two transactions in the same date, create the sales transaction first and then create the inventory transaction. Select Not Required if a transaction is not required. Jan 1
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