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A retailer recorded a book inventory of $60,000 at the end of July. A physical inventory of the merchandise finds an inventory value of $55,000.
A retailer recorded a book inventory of $60,000 at the end of July. A physical inventory of the merchandise finds an inventory value of $55,000. What is the opening book inventory figure for August 1?
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Solution Given At the end of July Book value 60000 Phy...
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Principles of Accounting
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
12th edition
978-1133603054, 113362698X, 9781285607047, 113360305X, 978-1133626985
