Question - the adjusted trial balance of cheyenne company, Ask an Expert

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Question - The adjusted trial balance of Cheyenne Company shows the following data pertaining to sales at the end of its fiscal year, October 31, 2017: Sales Revenue $752,300, Delivery Expense $13,020, Sales Returns and Allowances $22,710, and Sales Discounts $13,140. Prepare separate closing entries for (1) sales and (2) the contra accounts to sales.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M93120120

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