Lakeside Software began January with $3,900 of merchandise inventory. During January, Lakeside made the following entries for
Question:
Lakeside Software began January with $3,900 of merchandise inventory. During January, Lakeside made the following entries for its inventory transactions:
How much was Lakeside’s inventory at the end of January?
a. $4,300
b. $9,900
c. $ – 0 –
d. $6,000
Transcribed Image Text:
A1 A. 1 Inventory 6,000 Accounts Payable 6,000 2 Accounts Receivable Sales Revenue 7,500 4 7,500 Cost of Goods Sold Inventory 5,600 5,600 56700 9
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Related Book For
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
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