Question
Inventory March 1, 2018 $171,750 Inventory February 28, 2019 $202,130 a) STATE the journal entries that are required to recognize the opening and closing inventory
Inventory March 1, 2018 $171,750
Inventory February 28, 2019 $202,130
a) STATE the journal entries that are required to recognize the opening and closing inventory figures above.
b) Explain in your own words why there is a need for us to make these year end adjustments.
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Financial Accounting Impact On Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
1111464936, 978-1111464936
