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A. The ending balance in the Merchandise Inventory account is $250,000, but a physical count shows that only $240,000 of goods are on hand. DATE
A. The ending balance in the Merchandise Inventory account is $250,000, but a physical count | ||||||||
shows that only $240,000 of goods are on hand. | ||||||||
DATE | ACCOUNTS & DESCRIPTIONS | POST REF | dr | cr | ||||
Dec. 31 | xxx | |||||||
xxx | ||||||||
To adjust the ending balance of Merchandise Inventory to the count. | ||||||||
B. The ending balance in the Merchandise Inventory account is $250,000, but a physical count | ||||||||
shows that $265,000 of goods are on hand. | ||||||||
DATE | ACCOUNTS & DESCRIPTIONS | POST REF | dr | cr | ||||
Dec. 31 | xxx | |||||||
xxx | ||||||||
To adjust the ending balance of Merchandise Inventory to the count. |
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