Ledger, journal, transaction documentation, trial balance, financial statements

Journal, trial balance, financial statements, ledger, transaction documentation

Trial balance, financial statements, ledger, journal, transaction documentation

Transaction documentation, ledger, journal, trial balance, financial statements

Transaction documentation, journal, ledger, trial balance, financial statements

keeps a continuous record for each inventory item.

all of the above

requires an annual count of inventory on hand.

is used by most businesses.

$17,500

$78,500

$68,500

$71,000

$17,500

$22,000

$37,500

$10,000

$57.40

$54.67

$50.00

$76.53

$2,200

$5,600

$2,380

$3,500

$2,870

$8,201

$7,500

$8,610

is an expense on the income statement.

is the cost of inventory that has not been sold.

is both a and b.

is neither a or b.