When Preparing the Worksheet for a Merchandising Business Using the Perpetual

question 37

Multiple Choice

When preparing the worksheet for a merchandising business using the perpetual inventory system,which of the following is not a new merchandising account that is shown on the worksheet?

• A)Accumulated Depreciation - Building
• B)Sales Returns and Allowances
• C)Cost of Goods Sold
• D)Merchandise Inventory

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