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The Income Statement section of the Johnson Company worksheet for the year ended December 31, 20X1, has $201.000 recorded in the Debit column and

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The Income Statement section of the Johnson Company worksheet for the year ended December 31, 20X1, has $201.000 recorded in the Debit column and $216,250 in the Credit column on the line for the Income Summary account. What were the beginning and ending balances for Merchandise Inventory? Beginning merchandise inventory Ending merchandise inventory

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