Solved: Required prepare the journal entries to record net sales, Accounting Basics

Required prepare the journal entries to record net sales

Question - The February 2, 2013 income statement and balance sheet for Kohl's Corporation shows the following items (in millions):

Net sales - $19,279

Cost of merchandise sold - 12,289

Merchandise inventories - 3,748

Required: Prepare the journal entries to record Net sales and Cost of goods sold for Kohl's for 2013. Assume all sales are for cash?

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Accounting Basics: Required prepare the journal entries to record net sales

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Accounting Basics: Required prepare the journal entries to record net sales

Reference No:- TGS02827229

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