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Mountain Country Inc. sells an Xpert skateboard that is popular with skateboard enthusiasts. The following information shows Mountain Country's purchases and sales of Xpert skateboards
Mountain Country Inc. sells an Xpert skateboard that is popular with skateboard enthusiasts. The following information shows
Mountain Country's purchases and sales of Xpert skateboards during November:
Prepare journal entries to record purchases on account and sales cash for Mountain Country in a perpetual inwentory system
using FIFO, List all debil entries before credit entries. Credit account tities are autamatically indented when the omount is entered. Do not
Indent monually. If no entry is required, select No Entry" for the account titles and enter O for the amounts. Recond journal entries in the
ander presented in the problem.
To record the imentory sold
ov
imentory
Accounts Payable
ev
Cash
To record sales
ov
To record the inventory sold
ov
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