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Bonita Company sells one product. Presented below is information for January for Bonita Company. Assume Bonita uses a periodic system. Prepare all necessary journal entries,

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Bonita Company sells one product. Presented below is information for January for Bonita Company. Assume Bonita uses a periodic system. Prepare all necessary journal entries, including the end-of-month closing entry to record cost of goods sold. A physical count indicates that the ending inventory for January is 110 units

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