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The following data pertains to Gold Star Company for the year ended December 31, 2023: Required 1. Prepare journal entries to record sales, cost of
The following data pertains to Gold Star Company for the year ended December 31, 2023: Required 1. Prepare journal entries to record sales, cost of goods sold, and the purchase of inventory during 2023 using the perpetual inventory system. 2. Compute the balance in the inventory account on December 31, 2023
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