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The trial balance of Blossom Company at the end of its fiscal year, August 31, 2020, includes these accounts: Inventory $19,000; Purchases $149.000: Sales Revenue
The trial balance of Blossom Company at the end of its fiscal year, August 31, 2020, includes these accounts: Inventory $19,000; Purchases $149.000: Sales Revenue $197.000; Freight-In $4,100; Sales Returns and Allowances $3,900; Freight-Out $2,000; and Purchase Returns and Allowances $2,750. The ending inventory is $24,500. Prepare a cost of goods sold section for the year ending August 31 (periodic inventory). Blossom Company Income Statement-cost of goods sold section (periodic system) For the Year Ended August 31, 2020 $ $ 64F Mostly clear 11 O Bi ere to search For the Year Ended August 31, 2020 $ 64F Mostly clear O Type here to search
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