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Forrest's Cycle Shop, Inc

Question 218

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Forrest's Cycle Shop, Inc. uses the gross method of accounting for sales and a perpetual inventory accounting system and had the following transactions during the month of July: Forrest's Cycle Shop, Inc. uses the gross method of accounting for sales and a perpetual inventory accounting system and had the following transactions during the month of July: Prepare the required journal entries that Forrest's Cycle Shop, Inc. must make to record these transactions. Prepare the required journal entries that Forrest's Cycle Shop, Inc. must make to record these transactions.

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