Question
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
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 ______ (A)________ (a)_______ (b)___________
(B)_________
adj
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Financial and Managerial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
3rd edition
978-1-119-3916, 1119392132, 1119392136, 9781119391609, 1119391601, 978-1119392132
