Exercise 230 The trial balance of Rachel Company at the end of its fiscal year,...
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Accounting
Exercise 230 The trial balance of Rachel Company at the end of its fiscal year, August 31, 2017, indludes these accounts: Inventory $29,200; Freight-In $8,000; Sales Returns and Allowances $3,000; Freight-Out $1,000; and Purchases Returnms and Allowances $5,000. The ending inventory is $25,000 Prepare a cost of goods sold section for the year ending August 31 Income Statement (Cost of Goods Sold section - Periodic system) For the Month Ended August 31, 2017 dy Qpen Show Work Click if you would like to Show Work for this
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