Presented below is information related to Garland Co. for the month of January 2019. Instructions (a) Prepare

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Presented below is information related to Garland Co. for the month of January 2019.

Instructions
(a) Prepare the necessary adjusting entry for inventory.
(b) Prepare the necessary closing entries.

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Financial Accounting

ISBN: 978-1119305736

10th edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

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Question Posted: Mar 29, 2017 11:43 AM

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Presented below is information related to Garland Co. for the month of January 2019. Instructions (a) Prepare

Question:

Ending inventory per $12,000 20,000 55,000 10,000 13,000 380,000 Insurance expense perpetual records Ending inventory actually 21,600 Ren expense Salaries and wages expense on hand Cost of goods sold Freight-out 21,000 Sales discounts 218,000 Sales returns and allowances 7,000 Sales revenue

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a Cost of Goods Sold 21600 21000 600 Inventory 600 b Sales Revenue 380000 Income ...View the full answer

Financial Accounting

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