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The last 2 entries that I'm missing are under a perpetual system! esortermedlate Accounting, 16e CALCULATORSTA Exercise 8-9 Sunland Company sells one product. Presented below
The last 2 entries that I'm missing are under a perpetual system! esortermedlate Accounting, 16e CALCULATORSTA Exercise 8-9 Sunland Company sells one product. Presented below is information for January for Sunland Company. Jan. 1 Inventory 4 Sale 11 Purchase 13 Sale 20 Purchase 27 Sale 116 units at $4 each 94 units at $8 each 154 units at $6 each 124 units at $9 each 169 units at $6 each 105 units at $11 each Sunland uses the FIFO cost flow assumption. All purchases and sales are on account. Your answer is correct. Assume Sunland uses a periodic system. Prepare all necessary journal entries, including the end-of month closing entry indicates that the ending inventory for January is 116 units. (If no entry is required, select "No entry for the acc Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 4 Accounts Reeivable 752 Sales Revenue 752 Jan. 11 Purchases 924
The last 2 entries that I'm missing are under a perpetual system!
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