Determine the perpetual inventory system
On March 3rd, Blowout Sales sells makes $3,450.00 in cash sales of general merchandise which have cost of $1,215.00. Blowout uses perpetual inventory system.
a.) Journalize the sale event
b.) journal the cost of merchandise sold
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Annual interest expense for a single bond issue continues to increase over the life of the bonds. Which of the following explains this?
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