The Income Statement section of the Johnson Company worksheet for the year ended December 31, 2019, has

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The Income Statement section of the Johnson Company worksheet for the year ended December 31, 2019, has $199,000 recorded in the Debit column and $215,345 in the Credit column on the line for the Income Summary account. What were the beginning and ending balances for Merchandise Inventory?

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College Accounting Chapters 1-30

ISBN: 978-1259631115

15th edition

Authors: John Price, M. David Haddock, Michael Farina

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