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Juan Morales Company had the following account balances at year-end: Cost of Goods Sold $61,600;Inventory $17,540;Operating Expenses $31,800;>> Get This Solution

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Juan Morales Company had the following account balances at year-end: Cost of Goods Sold $61,600, Inventory $17,540, Operating Expenses $31,800, Sales Revenue $127,240, Sales Discounts $1,170, and Sales Returns and Allowances $1,700. A physical count of inventory determines that merchandise inventory on hand is $12,310

 

Paper#75669 | Written in 18-Jul-2015

Price : $22
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