Exercise K Given the balances in this partial trial balance, indicate how the balances would be… 1 answer below »

Exercise K Given the balances in this partial trial balance, indicate how the balances would be treated in the work sheet. The ending inventory is $ 96.
Debit Credit
Merchandise Inventory 120
Sales S40
Sales Discounts 18
Sales Returns and Allow. 45
Purchases 600
Purchase Discounts 12
Purchase Returns and Allow. 24
Transportation-In 36

 

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