Question
If a company uses the periodic method, which of the following accounts should have a zero balance after the end-of-period adjusting entry is made? a.
a. Freight-in
b. Beginning Inventory
c. Purchase Returns
d. All of the above
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Introduction to Accounting An Integrated Approach
Authors: Penne Ainsworth, Dan Deines
6th edition
78136601, 978-0078136603
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