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The following is the adjusted trial balance of Jason Merchandisers at December 31, 2018. The company has a 12 month fiscal period ending December 31.
The following is the adjusted trial balance of Jason Merchandisers at December 31, 2018. The company has a 12 month fiscal period ending December 31.
1. Calculate the following components of Cost of Goods Sold for Jason Merchandisers: 1) Cost of goods purchased: ii) Cost of goods available for sale: ii) Cost of goods sold: 2. Calculate the following components of closing entries for Jason Merchandisers: i) 1st closing entry amount in Income Summary account for December 313 ii) 2nd closing entry amount in Income Summary account for December 31: in) 3rd closing entry amount in Income Summary account for December 31 iv) Indicate whether income is DEBIT or CREDIT for the 3rd closing entry Co AR In 2018 300 Scores 2.000 Purance 200 10.000 300 Auction Accounts Payable Saarise marta Unnamad Selas 8.307, Windows Saasvene Sales Discount Saas Rous 0 000 F 1000 Purchase 00 Puchate Returns Sai Expense Insurance 5000 2008 1000 Depreciation Expert uits En 200 TOTALE 52 50.00 Inventory on December 31, 2018 is $6,200
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