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Unformatted text preview: statement credit column and balance sheet debit column. The entries in the work sheet's income statement columns are used in the calculation of cost of goods sold on the income statement, and the entry in the work sheet's balance sheet debit column provides the correct balance for merchandise inventory on the balance sheet....
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This note was uploaded on 11/14/2011 for the course ACCT 1310 taught by Professor Staff during the Fall '10 term at Texas State.
- Fall '10