Yilmaz Company had the following account balances at year-end: cost of goods sold TL60,000: merchandise inventory TL15,000:
Question:
Instructions
(a) Prepare the adjusting entry necessary as a result of the physical count.
(b) Prepare closing entries.
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a Cost of Goods Sold 900 Merchandise Inventory 900 b Sales 1080...View the full answer
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Related Book For 
Financial accounting
ISBN: 978-1118285909
IFRS Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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