The trial balance columns of the worksheet using a perpetual inventory system for Dixon Company at June
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The trial balance columns of the worksheet using a perpetual inventory system for Dixon Company at June 30, 2022, are as follows.
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Other data: 1. A physical count reveals $500 of inventory on hand. 2. $100 of the unearned revenue is still unearned at month-end. Complete the worksheet. Omit the entry to record cost of goods sold. Trial Balance Adjustments Account Titles Dr. Cr. Dr. Cr. Cash $2.320 %24 Accounts Receivable 2,440 Inventory 1,880 Accounts Payable $1.120 Unearned Sales Revenue 240 Owner's Capital 3,600 Sales Revenue 2,400 Salaries and Wages Expense 560 Miscellaneous Expense 160 Totals $7,360 $7,360 Cost of Goods Sold Totals $ Net Income Totals Other data: 1. A physical count reveals $500 of inventory on hand. 2. $100 of the unearned revenue is still unearned at month-end. Complete the worksheet. Omit the entry to record cost of goods sold. Trial Balance Adjustments Account Titles Dr. Cr. Dr. Cr. Cash $2.320 %24 Accounts Receivable 2,440 Inventory 1,880 Accounts Payable $1.120 Unearned Sales Revenue 240 Owner's Capital 3,600 Sales Revenue 2,400 Salaries and Wages Expense 560 Miscellaneous Expense 160 Totals $7,360 $7,360 Cost of Goods Sold Totals $ Net Income Totals
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Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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