At year-end the perpetual inventory records of Kren Foods showed merchandise inventory of $98,000. The company determined,

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At year-end the perpetual inventory records of Kren Foods showed merchandise inventory of $98,000. The company determined, however, that its actual inventory on hand was

$97,100. Record the necessary adjusting entry. LO6

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Hospitality Financial Accounting

ISBN: 9780471270553

1st Edition

Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel, Agnes L DeFranco

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Question Posted: Jul 08, 2024 02:08 AM

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At year-end the perpetual inventory records of Kren Foods showed merchandise inventory of $98,000. The company determined,

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Hospitality Financial Accounting

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