Professional Documents
Culture Documents
Chapter-5: Accounting For Merchandising Operations
Chapter-5: Accounting For Merchandising Operations
Merchandising Operations
Merchandising Operations
Advantages:
Example:
Merchandise Inventory
Debit Credit
Balance $3,580
8 Inventory 140
Cost of goods sold 140
8 Inventory 50
Cost of goods sold 50
Closing
Entries
Closing Entries
Multiple-
Step
Income
Statement