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On august 31 2016 merchandise inventory was

04/05/2021 Client: muhammad11 Deadline: 2 Day

On August 31, 2016, merchandise inventory was $25,400. Supplementary records of merchandising activities for the year ended August 31, 2017, reveal the following itemized costs. . Prepare closing entries as of August 31, 2017 (the perpetual inventory system is used).

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