before preparing the closing entries as of December 31, 2013, the following were noted in the records

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before preparing the closing entries as of December 31, 2013, the following were noted in the records of Grace Trading Company a sale in 2013 of 21,000 was recorded in 2012, merchadise purchase and received in 2012, amounting to 18500 was taken in the company's records in 2013 because the suppliers invoice was received late

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before preparing the closing entries as of December 31, 2013, the following were noted in the records

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