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Im lost. I can't find my issue here. Please help :) Tighe Electronics Company uses a perpetual inventory system. The unadjusted trial balance for Tighe
Im lost. I can't find my issue here. Please help :)
Tighe Electronics Company uses a perpetual inventory system. The unadjusted trial balance for Tighe Electronics Company at March 31, 2024, follows: (Click the icon to view the unadjusted trial balance.) Read the requirements. Data table f. Tighe estimates that approximately $4,000 of merchandise sold will be returned with a cost of $1,600. (1) Begin by preparing the entry for the estimated refunds. Do not prepare the entry to record the estimated return of merchandise with this entry. We will do that in the following step. (2) Prepare the entry for the estimated return of merchandise. Review the adjusting entries you prepared in Requirement 1. Review the adjusted trial balance from Requirement 2. Tighe Electronics Company Income Statement Year Ended March 31, 2024 Net Income (Loss)Step by Step Solution
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