FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The cost of merchandise sold during the year was $45,245. Merchandise inventories were $13,491 and $8,567 at the beginning and end of the year, respectively. Accounts payable were $5,962 and $3,677 at the beginning and end of the year, respectively. Using the direct method of reporting
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