Paul Corporation reports the following inventory information:
Cost Market
December 31, Year 1...
Business, 19.06.2020 05:57 krandall232
Paul Corporation reports the following inventory information:
Cost Market
December 31, Year 1 312,000 292,000
December 31, Year 2 303,000
284,000
Assuming Paul Corporation uses the perpetual inventory system and the direct method, prepare the journal entries to record the reductions to market.
Year 1?
Year 2?
Answers: 2
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