ACC 290 Week 4 participation Journal Entries for Merchandising Companies

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ACC 290 Week 4 participation Journal Entries for Merchandising Companies
ACC 290 Week 4 participation Journal Entries for Merchandising Companies
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ACC 290 Week 4 participation Journal Entries for Merchandising Companies

Hi Class,

What are the journal entries a merchandising organization would use to record the purchase and subsequent sale of merchandise? How would these transactions differ with a periodic versus a perpetual inventory system?