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Unformatted text preview: sale.------ At the end you take cost of goods sold and subtract that from the cost of goods available for sale and you get your ending inventory. Sales. -Sales Returns and Allowances-Sales Discount Net Sales Every time you sell something on account. This is your transaction. A debit to sales and a credit to sales. 21:00 21:00...
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This note was uploaded on 06/13/2011 for the course POLI SCI 111 taught by Professor Ceriello during the Spring '11 term at Clark College.
- Spring '11