The trial balance of Cheyenne Company at the end of its fiscal year, August 31,...
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The trial balance of Cheyenne Company at the end of its fiscal year, August 31, 2022, includes these accounts: Inventory $20,800; Purchases $177,000; Sales Revenue $228,000; Freight-In $5,800; Sales Discounts $4,000; Sales Returns and Allowances $4,600; Freight-Out $2,300; Purchase Discounts $3,700 and Purchase Returns and Allowances $3,200. The ending Inventory is $27,762. (a) Prepare a cost of goods sold section for the year ending August 31 (periodic inventory). > Cheyenne Company Cost Of Goods Sold section $ A 4
The trial balance of Cheyenne Company at the end of its fiscal year, August 31,2022 , includes these accounts: Inventory $20,800 : Purchases $177,000; Sales Revenue $228,000; Freight-In $5,800; Sales Discounts $4,000; Sales Returns and Allowances $4,600; Freight-Out $2,300; Purchase Discounts $3,700 and Purchase Returns and Allowances $3,200. The ending Inventory is $27,762. (a) Prepare a cost of goods sold section for the year ending August 31 (periodic inventory). Prepare a cost of goods sold section for the year ending August 31 (periodic inventory)
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