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Selected accounts and amounts at the end of the period are as follows. Merchandise inventory $45,500 Cost of merchandise sold 652,500 Journalize the closing entry,
Selected accounts and amounts at the end of the period are as follows.
Merchandise inventory $45,500 Cost of merchandise sold 652,500 Journalize the closing entry, assuming a perpetual inventory system.
If an amount box does not require an entry, leave it blank.
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