Richs Furnitures unadjusted Merchandise Inventory account at year-end is $ 63,000. The physical count of inventory came

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Rich’s Furniture’s unadjusted Merchandise Inventory account at year-end is $ 63,000. The physical count of inventory came up with a total of $ 61,900.
Journalize the adjusting entry needed to account for inventory shrinkage.

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Horngrens Financial and Managerial Accounting

ISBN: 978-0133255584

4th Edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Question Posted: Jan 16, 2015 09:38 AM

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Richs Furnitures unadjusted Merchandise Inventory account at year-end is $ 63,000. The physical count of inventory came

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Horngrens Financial and Managerial Accounting

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