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The Income Statement section of the Johnson Company worksheet for the year ended December 3 1 , 2 0 X 1 , has $ 1

The Income Statement section of the Johnson Company worksheet for the year ended December

31, 20

1,

has $

180, 000

recorded in

the Debit column and $

204, 244

in the Credit column on the line for the Income Summary account.

What were the beginning and ending balances for Merchandise Inventory?

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