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Laura Company's beginning inventory amounted to $145,225. A physical count at the end of the year reveals that the ending inventory amount is $155,372.
Laura Company's beginning inventory amounted to $145,225. A physical count at the end of the year reveals that the ending inventory amount is $155,372. Record the necessary adjustments in the T accounts. Merchandise Inventory Income Statement Bal. 145,225 (a) + Adj. (a) (b) (b) Adj. Adj. Adj.
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline Reck, Suzanne Lowensohn, Earl Wilson
17th edition
78025826, 978-1259564239, 1259564231, 978-0078025822
