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  3. Study Set
    Fundamental Accounting Principles Study Set 1
  4. Exam
    Exam 5: Accounting for Merchandising Operations
  5. Question
    How Do Closing Entries for a Merchandising Company That Uses
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How Do Closing Entries for a Merchandising Company That Uses

Question 249

Question 249

Essay

How do closing entries for a merchandising company that uses the perpetual inventory system differ from the closing entries for a service company?

Correct Answer:

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Closing entries are similar for service ...

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