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Prepare any necessary adjusting entrie at december 31, 2009,for Madison Comapny's year-end financial statements for each of the folowing seperate transactions and events. Madision company records an adjusting entry for $520000 of previously unrecorded cash sales (costing $260000) and its sales taxes at a rate of 7%

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M986466

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