Question
On March 31, 2020, just days after the release of the 2019 financial statements, JKL Corp discovered that they had erroneously included $60,000 worth of
On March 31, 2020, just days after the release of the 2019 financial statements, JKL Corp discovered that they had erroneously included $60,000 worth of inventory in their ending inventory count that they had received on consignment. JKL is in a 25% tax bracket.
Required: Make the necessary adjusting entry on March 31, 2020.
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Bookkeeping And Auditing A Career Guide
Authors: Harry Watts
1st Edition
1639878106, 1639878106
