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Pass Journal Entries: Recording Cost of Goods Sold in a Perpetual System: Daisys sells a pair of running shoes that costs the company $70 Recording
Pass Journal Entries:
Recording Cost of Goods Sold in a Perpetual System:
Daisys sells a pair of running shoes that costs the company $70
Recording Purchase in a Periodic System:
Assume that Daisys buys shoes on account from Nike at a cost of $4,000
Daisys returns $850 of merchandise to Nike for credit on Daisys accoun
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