Business
Business, 23.02.2021 01:00, angelinaissoocp33868

A merchandiser uses a perpetual inventory system. The beginning Owner, Capital balance of the merchandiser was $95,000. During the year, Sales Revenue amounted to $80,000, Sales Returns and Allowances were $1,300, Sales Discounts were $2,700, Cost of Goods Sold was $40,000, and all other expenses totaled $13,000. The company paid $24,000 in withdrawals to the owner. The last step in the closing process would include .

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A merchandiser uses a perpetual inventory system. The beginning Owner, Capital balance of the mercha...

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