Question: Am I correct with the first question and show me very detailed what to put in the journal Askew Company uses a periodic inventory system.

Am I correct with the first question and show me very

detailed what to put in the journal Askew Company uses a periodic

Am I correct with the first question and show me very detailed what to put in the journal

Askew Company uses a periodic inventory system. The June 30,2018 , year-end trial balance for the company contained the following information: In addition, you determine that the June 30,2018 , inventory balance is $41,600. Required: 1. Calculate the cost of goods sold for the Askew Company for the year ending June 30, 2018. 2. Prepare the year-end adjusting entry to record cost of goods sold. Complete this question by entering your answers in the tabs below. Calculate the cost of goods sold for the Askew Company for the year ending June 30, 2018. Prepare the year-end adjusting entry to record cost of goods sold. (If no entry is required for a transaction, entry required" in the first account field.) Journal entry worksheet Record the year-end adjusting entry for cost of goods sold. Note: Enter debits before credits

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