If a company uses the periodic method, which of the following accounts should have a zero balance

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If a company uses the periodic method, which of the following accounts should have a zero balance after the end-of-period adjusting entry is made?

a. Freight-in

b. Beginning Inventory

c. Purchase Returns

d. All of the above

Related Book For answer-question

Introduction to Accounting An Integrated Approach

ISBN: 978-0078136603

6th edition

Authors: Penne Ainsworth, Dan Deines

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Posted Date: Jan 14, 2021 11:38 PM

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If a company uses the periodic method, which of the following accounts should have a zero balance

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Expert Answer:

option D is correct All of above Ex... View the full answer

Introduction to Accounting An Integrated Approach

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