Given the following, journalize the adjusting entry for Merchandise Inventory. Note that physical count of inventory showed

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Given the following, journalize the adjusting entry for Merchandise Inventory. Note that physical count of inventory showed a balance of $59,500.

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College Accounting A Practical Approach

ISBN: 9780134729312

14th Edition

Authors: Jeffrey Slater, Mike Deschamps

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Question Posted: Feb 28, 2020 12:05 PM

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Given the following, journalize the adjusting entry for Merchandise Inventory. Note that physical count of inventory showed

Question:

Merchandise Inventory 114 Cost of Goods Sold 513 60,000

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College Accounting A Practical Approach

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