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CHAPTER 7 The Merchandising Company 33. Using the information in the trial balance...

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Accounting

CHAPTER 7
The Merchandising Company
33. Using the information in the trial balance for Waterford Hardware, prepare the following for the month:
(a) Schedule of cost of goods sold
(b) Income statement
(c) Classified balance sheet
(d) Why does the ending inventory amount not appear on the trial balance prepared from Waterford Hardware's ledger on August 31? Note: The August 31 inventory is $27100.
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