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HELP ASAP PLSSSS Problem 2: [17 minutes, 11 marks] Toy World...

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Accounting

HELP ASAP PLSSSS
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Problem 2: [17 minutes, 11 marks] Toy World Inc. is a wholesaler of children's toys. Toy World uses a perpetual inventory system. The following transactions (summarized) have been selected from 2014: a. Sold $55,000 of merchandise for cash (cost of merchandise $35,500 )

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