Question
merchandise Inventory 114 Cost of Goods Sold 513 60,000 Given the following, journalize the adjusting entry for Merchandise Inventory. Note that physical count of inventory
merchandise Inventory 114
Cost of Goods Sold 513
60,000
Given the following, journalize the adjusting entry for Merchandise Inventory. Note that physical count of inventory showed a balance of
$59,500.
(Click the icon to view the T accounts.)
(Assume a perpetual inventory system. Record debits first, then credits. Exclude explanations from journal entries.)
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Theory Practice And Techniques In Bookkeeping Accounting And Auditing
Authors: N/A,
1st Edition
1680947761, 978-1680947762
