Your answer beginning inventory sales returns and

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Your Answer:beginning inventorysales returns and allowancesCORRECTowner withdrawalsending inventory
Points Received:1 of 1Comments:Page 1 of 5SHANNA HAWXHURST: Week 6 Quiz9/7/2008...
5.Question: Which accounts are affected in the closing process under a perpetual inventory system?
Points Received:0 of 1Comments:6.Question: Under a perpetual inventory system, which accounts would be closed to income summary with credits?
Points Received:1 of 1Comments:7.Question: The entry to record the return of $25 of inventory to a supplier under the perpetual inventory system is recorded with a debit to_______.
Points Received:1 of 1Comments:8.Question: Using a perpetual inventory system, the entry to record the purchase of merchandise on account involves a_______.

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