Presented below is information related to Poulsen Industries for the month of January 2025. Instructions a. Prepare

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Presented below is information related to Poulsen Industries for the month of January 2025. image text in transcribed

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a. Prepare the necessary adjusting entry for inventory.

b. Prepare the necessary closing entries.

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Financial Accounting With International Financial Reporting Standards

ISBN: 9781119787051

5th Edition

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

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Question Posted: Apr 04, 2024 04:26 AM

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Presented below is information related to Poulsen Industries for the month of January 2025. Instructions a. Prepare

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Insurance expense Rent expense 12,000 20,000 Salaries and wages expense 59,000 21,000 Sales discounts 8,000 208,000 Sales returns and allowances 13,000 7,000 Sales revenue 378,000 Ending inventory per perpetual records 21,600 Ending inventory actually on hand Cost of goods sold Freight-out

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Financial Accounting With International Financial Reporting Standards

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