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Match the terms below with the correct definitions. Clear All Uneamed Revenue An Inventory system that debits Purchases when goods are bound Income Summary Llability

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Match the terms below with the correct definitions. Clear All Uneamed Revenue An Inventory system that debits Purchases when goods are bound Income Summary Llability account that is credited when cash is received in advance for the delivery of goods or services to be eamed in two fiscal periods Beginning merchandise inventory Merchandise Inventory that appears in the Income Statement Debit column of the work sheet Periodic inventory system The credit account of the adjustment for accrued payroll Wages Payable Temporary account used for adjusting Merchandise Inventory account

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