Shankar company uses a perpetual system
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Shankar company uses a perpetual system
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WebbShankar Company uses a perpetual system to account for inventory transactions. The company purchases inventory on account on February 2 for $40.000 and then sells this … WebbA company reports the following amounts at the end of the year: Total sales revenue = $520,000; sales discounts = $19,000; sales returns = $38,000; sales allowances = …
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