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djustment for Merchandise Inventory Using T Accounts: Periodic Inventory System Sandra Owens owns a business...

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Accounting

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djustment for Merchandise Inventory Using T Accounts: Periodic Inventory System Sandra Owens owns a business called Sandra's Sporting Goods. Her beginning inventory as of January 1,20, was $30,050, and her ending inventory as of December 31, 20--, was $38,980. Set up T accounts for Merchandise Inventory and Income Summary and perform the year-end adjustment for Merchandise Inventory

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