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Hahn Flooring Company uses a perpetual inventory system. A. The inventory account has a balance of $1,333,150, while physical inventory indicates that $1,309,900 of merchandise
Hahn Flooring Company uses a perpetual inventory system. A. The inventory account has a balance of $1,333,150, while physical inventory indicates that $1,309,900 of merchandise is on hand Assume any shrinkage is a normal amount. B. Sales returns of $125,000 and merchandise returns of $80,000 are estimated for the current year's sales Joumalize the December 3f adjusting entries based on the above transactions, Refer to the Chart of Accounts for exact wording of accoumt Bdes
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