Business
Business, 16.04.2020 03:19, marley462847

Assume Sunland Company uses the periodic inventory system and has a beginning inventory balance of $6000, purchases of $78000, and sales of $102000. Sunland closes its records once a year on December 31. In the accounting records, the inventory account would be expected to have a balance on December 31 prior to adjusting and closing entries that was

1) equal to $5,000.
2) more than $5,000
3) less than $5,000
4) indeterminate

answer
Answers: 1

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Assume Sunland Company uses the periodic inventory system and has a beginning inventory balance of $...

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