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show all work please 1. Adjusting entries under the perpetual inventory system: (ves t-accounts) (580-581) a. Start inventory S31,310 b. Bought merchandise on account $65,500

show all work please

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1. Adjusting entries under the perpetual inventory system: (ves t-accounts) (580-581) a. Start inventory S31,310 b. Bought merchandise on account $65,500 c. Sold merchandise on account) for $73.210 having a cost of $35.870 d. Provide perpetual gross profit and T account representation of all the transactions

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