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How can I adjust the trial balance to have inventory account on the debit side. As at the beginning cost of goods was on debit
How can I adjust the trial balance to have inventory account on the debit side. As at the beginning cost of goods was on debit side and inventory credit side.
Format BI U BE. AO E L Merge and Wrap Center Text . % AutoSum" Aut Painter - @ fx DE K L Inventory Chart As at 31 July 2017 Date Description 02/07/2017 purchase inventory (cash) 11/07/2017 sales inventory (cash) 15/07/2017 sales inventory (credit) 18/07/2017 inventory writtenoff Units Price 1000 10000 -150 -1500 -250 -2500 -50 -500 Balance 10000 8500 6000 5500 CLM Trading Company Trial balance as of 31 july 2017 Accounts Debit Credit Bank 41,000.00 capital 50,000.00 inventory 834.00 advertising expenses 2,000.00 packing material 1,000.00 PLCA 1,000.00 Business expenses 3,000.00 cost of goods 10,834.00 sales 16,250.00 furniture 1,500.00 Top Furniture | 700.00 Home Decor E10,000.00 cash E550.00 utilities expenses 1,000.00 accrued utilities 1,000.00 salary & wages 5,000.00 acrued salary & wages 5,000.00 rent expenses 1,500.00 accrued rent 1,500.00 76,834.00 76,834.00 31/07/2017 closing inventory 5 50 105500Step by Step Solution
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