Question

Travis Department Store uses a periodic inventory system. The adjusted trial balance of Travis Department Store at December 31, 2016, follows:
Requirements
1. Prepare Travis Department Stores multi-step income statement for the year ended December 31, 2016. Assume ending Merchandise Inventory is $36,500.
2. Journalize Travis Department Store’s closing entries.


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  • CreatedJune 12, 2015
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