Determine the value of merchandise that Costco purchased during fiscal-year 2005. Use the financial statement...

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Accounting

Determine the value of merchandise that Costco purchased during fiscal-year 2005. Use the financial statement effects template to record these merchandise purchases. Assume all of Costco's purchases are on credit.

merchandise inventory for 2005-$4015 and 2004-$3644

defferred membership income 2005- 501 2004-454

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