Merchandising Transactions Periodic Inventory System LO 5 Refer to the data in P 1 REQUIRED 1 Prepare journal entries to record the transactions, assuming use of the periodic inventory system (Hint Refer to the Review Problem ) 2 AccOUNTING cONNECTION Most companies call the first line of the income statement net sales other companies call it sales Do you think these terms are equivalent and comparable What would be the content of net sales Why might a company use sales instead of net sales Merchandising Transactions Periodic Inventory System LO 5 Refer to the data in P 1 REQUIRED 1 Prepare journal entries to record the transactions, assuming use of the periodic inventory system (Hint Refer to the Review Problem ) 2 AccOUNTING cONNECTION Most companies call the first line of the income statement net sales other companies call it sales Do you think these terms are equivalent and comparable What would be the content of net sales Why might a company use sales instead of net sales

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Merchandising Transactions  Periodic Inventory System LO 5 Refer to the data in P 1  REQUIRED 1  Prepare journal entries to record the transactions, assuming use of the periodic inventory system  (Hint  Refer to the Review Problem ) 2  AccOUNTING cONNECTION Most companies call the first line of the income statement net sales  other companies call it sales  Do you think these terms are equivalent and comparable What would be the content of net sales  Why might a company use sales instead of net sales  Merchandising Transactions  Periodic Inventory System LO 5 Refer to the data in P 1  REQUIRED 1  Prepare journal entries to record the transactions, assuming use of the periodic inventory system  (Hint  Refer to the Review Problem ) 2  AccOUNTING cONNECTION Most companies call the first line of the income statement net sales  other companies call it sales  Do you think these terms are equivalent and comparable What would be the content of net sales  Why might a company use sales instead of net sales

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Merchandising Transactions: Periodic Inventory System LO 5 Refer to the data in P 1. REQUIRED 1. Prepare journal entries to record the transactions, assuming use

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