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Business, 12.03.2021 15:10, juicecarton
Accrued and unpaid sales salaries amount to $1,900. Prepaid selling expenses of $3,700 have expired. A physical count of year-end merchandise inventory is taken to determine shrinkage and shows $30,800 of goods still available. (a) Use the above account balances along with the additional information, prepare the adjusting entries. (b) Use the above account balances along with the additional information, prepare the closing entries.
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Answers: 3
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Accrued and unpaid sales salaries amount to $1,900. Prepaid selling expenses of $3,700 have expired....
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