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Nix'It Company's Ledger On July 31, Its Fiscal Year-End, Includes The Following Selected Accounts That Have Normal Balances (Nix'It Uses...

13/04/2020 Client: wyncastaly Deadline: 2 Day

Nix'It Company's ledger on july 31, its fiscal year-end, includes the following selected accounts that have normal balances (Nix'It uses the perpetual inventory system).




Merchandise inventory ...... $37,800


T,Nix. Capital........ 115,300


T.Nix, Withdrawls....... 7,000


Sales..... 160,200


Sales discounts.... 4,700


Sales returns and allowances..... $6,500


Cost of goods sold..... 105,000


Depreciation expense..... 10,300


Salaries expense.... 32,500


Miscellaneous expenses..... 5,000




A physical count of its July 31 year-end invent

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