Question
The February 2, 2013 income statement and balance sheet for Kohl's Corporation shows the followng items (in millions): Net Sales $19,279 Cost of Merchandise Sold
The February 2, 2013 income statement and balance sheet for Kohl's Corporation shows the followng items (in millions):
Net Sales $19,279
Cost of Merchandise Sold $ 12, 289
Merchandise Inventories $3,748
Required: Prepare the journal entries to record Net sales and Cost of goods sold for Kohl's for 2013. Assume all sales are for cash.
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Management Accounting Text Problems And Cases
Authors: M Y Khan, P K Jain
6th Edition
125902668X, 978-1259026683
