Bleeker company has the following merchandise account
1. Bleeker Company has the following merchandise account balances: Sales $195,000, Sales Discounts $2,000, Cost of Goods Sold $105,000 and Merchandise Inventory $40,000. Prepare the entries to record the closing of these items to Income Summary.
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1 bleeker company has the following merchandise account balances sales 195000 sales discounts 2000 cost of goods sold
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