Question: VaCo, which uses the periodic method, is preparing its year-end journal entry to record cost of goods sold. It debits all of the following accounts

VaCo, which uses the periodic method, is preparing its year-end journal entry to record cost of goods sold. It debits all of the following accounts except
a.
Cost of Goods Sold
b.
Beginning Inventory
c.
Purchase Discounts
d.
None of the above

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