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The Records of Majestic Co

Question 42

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The records of Majestic Co.showed the following account balances on December 31,2013:
The records of Majestic Co.showed the following account balances on December 31,2013: Assuming that the inventory balance at January 1,2013,is $152,000,prepare the entry to adjust the inventory accounts. Assuming that the inventory balance at January 1,2013,is $152,000,prepare the entry to adjust the inventory accounts.

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