Question
A physical count of inventory showed $360,000 of inventory on hand.The unadjusted trial balance shows an inventory balance of $375,000.What adjusting journal entry is necessary
A physical count of inventory showed $360,000 of inventory on hand.The unadjusted trial balance shows an inventory balance of $375,000.What adjusting journal entry is necessary (if any) to adjust inventory to agree to the physical count?
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Fundamental Accounting Principles Volume 1
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
15th Canadian Edition
1259259803, 978-1259259807
