Question:Refer to the given image:
Dodd & Co. uses the periodic inventory accounting system. They had the opening inventory of $59,000, the closing inventory of $37,000, and made net purchases of $123,000. Which of the following components should be included in the year-end closing entries prepared by them? 

A 1 
B 2 
C 3 
D 4 

+ Answer
B 

+ Explanation
answer not sure

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Md. Habib Ullah

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