COMPLETING THE ACCOUNTING CYCLE
{"Image DocumentName": "COMPLETING THE ACCOUNTING CYCLE", "Image ImageDescription": "A merchandising company also requires the same types of closing entries as a service company. The additional accounts that need to be closed out in a merchandising account include. Sales, Sales Returns and Allowances, Cost of Goods Sold, and. Freight Out. Merchandise Inventory is an asset account and is not closed at the end of the period.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}