Please answer with reason for all why the option is correct and why the other options are incorrect Please answer correct otherwise skip it       When preparing the worksheet for a merchandising business using the perpetual inventory system, which of the following is not a new merchandising account that is shown on the worksheet? A) Accumulated Depreciation — Building B) Sales Returns and Allowances C) Cost of Goods Sold D) Merchandise Inventory

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter11: Work Sheet And Adjusting Entries
Section: Chapter Questions
Problem 4QY: This type of inventory system does not require an entry to Merchandise Inventory until a physical...
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Please answer with reason for all why the option is correct and why the other options are incorrect
Please answer correct otherwise skip it

 

 

 

When preparing the worksheet for a merchandising business using the perpetual inventory system,
which of the following is not a new merchandising account that is shown on the worksheet?
A) Accumulated Depreciation — Building
B) Sales Returns and Allowances
C) Cost of Goods Sold
D) Merchandise Inventory

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Please answer with reason for all why the option is correct and why the other options are incorrect
Please answer correct otherwise skip it

 

 

 

When preparing the worksheet for a merchandising business using the perpetual inventory system,
which of the following is not a new merchandising account that is shown on the worksheet?
A) Accumulated Depreciation — Building
B) Sales Returns and Allowances
C) Cost of Goods Sold
D) Merchandise Inventory

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