Dditional Information Accrued sales salaries amount to $2,400. Prepaid selling expenses of $2,100 have expired. A physical count of year-end merchandise inventory shows $32,300 of goods still available. (a) Use the above account balances along with the additional information, prepare the adjusting entries. (b) Use the above account balances along with the additional information, prepare the closing entries.
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Dditional Information Accrued sales salaries amount to $2,400. Prepaid selling expenses of $2,100 ha...
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