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Austin's Pub Supply Uses the Gross Method of Accounting for Sales

Question 132

Essay

Austin's Pub Supply uses the gross method of accounting for sales and a periodic inventory system and had the following sales transactions during August: Austin's Pub Supply uses the gross method of accounting for sales and a periodic inventory system and had the following sales transactions during August: Prepare the journal entries that Austin's Pub Supply must make to record these transactions. Prepare the journal entries that Austin's Pub Supply must make to record these transactions.

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