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23. Quality Sports Shop deals in five sporting goods and has the following inventory details at the end of the fiscal year. Quantity Description
23. Quality Sports Shop deals in five sporting goods and has the following inventory details at the end of the fiscal year. Quantity Description Football ea. 20 Basket ball ea. 14 Cleats (Pr) 18 Body pads set Helmets ea. 9 11 Book cost Market price $9 $10 $13 $15 $35 $28 $18 $15 $20 $22 What journal adjustment, if any, will be required to update the ending inventory for preparation of the financial statements? Work Area General Journal Date Accounts Dr. Cr. 5 points
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Accounting for Decision Making and Control
Authors: Jerold Zimmerman
8th edition
78025745, 978-0078025747
