An adjusted trial balance for a merchandiser is given below.
Give the journal entry to close the Sales Revenue account.
Correct Answer:
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Q123: When preparing the worksheet for a merchandising
Q124: The entry to close Cost of Goods
Q125: A merchandiser had sales returns and allowances
Q126: When preparing the worksheet for a merchandising
Q127: An adjusted trial balance is given below.
Q129: The trial balance for a merchandiser is
Q130: The Income Summary account has a credit
Q131: A merchandiser uses a perpetual inventory system.The
Q132: The entry to close Sales Discounts will
Q133: The sales revenue of a merchandiser amounted
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