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    College Accounting A Career Approach
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    Exam 11: Work Sheet and Adjusting Entries
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    Under a Periodic Inventory System, Entries Are Recorded in the Merchandise
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Under a Periodic Inventory System, Entries Are Recorded in the Merchandise

Question 35

Question 35

True/False

Under a periodic inventory system, entries are recorded in the Merchandise Inventory account at the end of the fiscal period only.

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