Question
At the November 30 year end, the perpetual inventory records of Klutch Company showed merchandise inventory of $61,000. The company determined, however, that its
At the November 30 year end, the perpetual inventory records of Klutch Company showed merchandise inventory of $61,000. The company determined, however, that its actual inventory on hand was $59,700. Required: Record the necessary adjusting journal entry. Paragraph B I U A 80 +v Arial, sans-serif 11pt T Ea 5 C GENERAL JOURNAL DATE ACCOUNT TITLES DEBIT CREDIT
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Financial Accounting A User Perspective
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
6th Canadian Edition
978-0470676608
