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Prepare the year-end adjusting and correcting entries for December 31,2023, using the information given. Record the adjusting entry for inventory using a Cost of Goods
Prepare the year-end adjusting and correcting entries for December 31,2023, using the information given. Record the adjusting entry for inventory using a Cost of Goods Sold account. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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