Presented below is information related to Poulsen Industries for the month of January 2020. Instructions a. Prepare

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Presented below is information related to Poulsen Industries for the month of January 2020.

Ending inventory per perpetual records Ending inventory actually on hand Cost of goods sold Freight-out Insurance expens


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

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Related Book For  answer-question

Accounting Principles

ISBN: 978-1119419617

IFRS global edition

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

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