Tim Jarosz Company had the following account balances at year-end: Cost of Goods Sold $60,000 and Inventory

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Tim Jarosz Company had the following account balances at year-end: Cost of Goods Sold $60,000 and Inventory $15,000. A physical count of inventory determines that merchandise inventory on hand is $13,600.

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Prepare the adjusting entry necessary as a result of the physical count.

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College Accounting

ISBN: 1986

1st Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Deanna C. Martin, Jill E. Mitchell

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Question Posted: Dec 30, 2019 05:47 AM

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Tim Jarosz Company had the following account balances at year-end: Cost of Goods Sold $60,000 and Inventory

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College Accounting

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