Each step in the accounting cycle for a merchandiser applies to a manufacturer

Each step in the accounting cycle for a merchandiser applies to a manufacturer

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Each step in the accounting cycle for a merchandiser applies to a manufacturer. For example, prior to preparing financial statements, manufacturers make adjusting entries.
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Unformatted text preview: The adjusting entries are essentially the same as those of a merchandiser. The closing entries are also similar for manufacturers and merchandisers....
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