Richs Furnitures Inventory account at year-end appeared as follows: The physical count of inventory came up with

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Rich€™s Furniture€™s Inventory account at year-end appeared as follows:

The physical count of inventory came up with a total of $61,900.
Requirement
1. Journalize the adjustingentry.

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Financial and Managerial Accounting

ISBN: 978-0132497978

3rd Edition

Authors: Horngren, Harrison, Oliver

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Question Posted: Dec 16, 2011 07:24 AM

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Richs Furnitures Inventory account at year-end appeared as follows: The physical count of inventory came up with

Question:

Inventory Unadjusted balance 63,000

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