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    Financial and Managerial Accounting Study Set 11
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    Exam 5: Accounting for Retail Businesses
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    Selected Accounts and Amounts Appear Below
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Selected Accounts and Amounts Appear Below

Question 173

Question 173

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Selected accounts and amounts appear below. Journalize the closing entry, assuming a perpetual inventory system. Selected accounts and amounts appear below. Journalize the closing entry, assuming a perpetual inventory system.

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