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Indicate which of the following accounts would be included in the chart of accounts of a merchandising company using either the
(a) Periodic inventory system or
(b) Perpetual inventory system. If the account would be included in the chart of accounts of a company using the periodic and perpetual systems, indicate
(c) For both.
(1) Cost of Merchandise Sold
(2) Delivery Expense
(3) Merchandise Inventory
(4) Purchases
(5) Purchases Discounts
(6) Purchases Returns and Allowances
(7) Sales
(8) Sales Discounts
(9) Sales Returns and Allowances
(10) Freight In
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accounts receivable -0-accumulated depreciation-equipment -0-equipment 7000interest payable -0-notes payable
the manassas company has 55 obsolete keyboards that are carried in inventory at a cost of 9600. if these keyboards are
a. On February 15, paid $ 160,000 cash to purchase American General's 90 day short term notes at par, which are dated February 15 and pay 10% interest (classified as held to maturity).
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department alpha had no beginning inventory. the department added direct materials of 100000 and conversion costs of
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mike single age 31 had the following items for 2012 salary 50000 nonbusiness bad debt 6000 casualities - independent
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