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T.Shally has a periodic inventory system and is owned by A. Dingdong and sells designer doorbells. A physical count of inventory at year end shows
T.Shally has a periodic inventory system and is owned by A. Dingdong and sells designer doorbells. A physical count of inventory at year end shows $73 remains in the store at November 30, 2031. A partial trial balance is provided below.
REQUIRED: Calculate Cost of Goods Sold for A. Dingdong at November 30, 2031. Enter your answer in the space provided, no dollar sign, no comma and no extra spaces.
T.Shally
Trial Balance (Partial) | |
November 30, 2031 | |
$ | |
Depreciation Expense | 9 |
Freight In | 15 |
Accumulated Depreciation | 25 |
Interest Revenue | 25 |
A. Dingdong, Drawings | 25 |
Prepaid Insurance Expense | 30 |
Unearned Revenue | 55 |
Freight Out | 57 |
Accounts Receivable | 67 |
Inventory | 88 |
Note Payable | 92 |
Prepaid Supplies | 125 |
Rent Expense | 145 |
Sales Returns & Allowances | 170 |
Purchase Returns & Allowances | 174 |
Rental Revenue | 190 |
Sales Discounts | 200 |
Utilities Expense | 240 |
Loan Payable | 250 |
Computers | 250 |
A. Dingdong, Capital | 590 |
Purchases | 644 |
Cash | 703 |
Sales | 1,400 |
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