Identify each of the following ledger accounts by indicating whether it belongs in the ledger of consignors
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Question:
Identify each of the following ledger accounts by indicating whether it belongs in the ledger of consignors or consignees; whether it normally has a debit balance or a credit balance; and how the account is classified in the financial statements. A. Cost of consignment sales B. Consignment out C. Consignment sales D. Consignment in
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