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Credit income summary - PowerPoint PPT Presentation

Preparing a Worksheet for a Merchandise Company

Chapter 11. Preparing a Worksheet for a Merchandise Company. Learning Objective 1. LO-1. Figuring adjustments for merchandise inventory, unearned rent, supplies used, insurance expired, depreciation expense, and salaries accrued. Adjustments for Merchandise Inventory - Periodic System. LO-1.

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Accounting 3

Accounting 3. Chapter 26 Section 4 Adjusting, Closing, and Reversing Entries for a Corporation. Adjusting Entries. Adjusting Entries for a corporation are similar to those of proprietorships and partnerships except for the adjustment for federal income tax expense and payable.

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Credit income summary - PowerPoint PPT Presentation

Preparing a Worksheet for a Merchandise Company

Accounting 3