just number 16

Periodic Inventory Closing Entries - Using a periodic inventory system, prepare the closing entries for the appropriate ledger accounts using the journal paper provided. 16. Below is a partial listing of accounts in the general ledger of Carey Co. Carey uses a periodic inventory system. Source: Accounting Principles, Second Canadian Ed. Weygandt, Kieso, Kimmel, \& Trenholm Goods Sold using then provided, prepare a multi-step income statement up to Cost of 17. Byrne Industries is a merchandising business that purchases and sells circuit boards that are used in the production of computers. Following are their ledger accounts that are required to prepare an income statement for the year ended December 31,201. Byrne Industries uses the periodic inventory system. Up to gross proit