The Richter Companys fiscal year is from January 1 through December 31. The following figures are available:
Question:
The Richter Company’s fiscal year is from January 1 through December 31. The following figures are available:
a. Record the adjusting entries, assuming that the company uses the periodic inventory system.
b. Record the adjusting entry, assuming that the company uses the perpetual inventory system and that the book balance of the ending inventory is $206,820
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Related Book For 
College Accounting Chapters 1-26
ISBN: 9780395796993
6th Edition
Authors: Douglas J. McQuaig, Patricia A. Bille
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