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Please record the entries required based on the 2 scenarios below. IMPORTANT: When entering numbers, please do not add commas or dollar signs. 1 .
Please record the entries required based on the scenarios below.
IMPORTANT:
When entering numbers, please do not add commas or dollar signs.
After their annual inventory count on October Niagara Construction Products found that the inventory balance in their GL was understated by $ Please record the entry to adjust the balance in their GL
Journal Page
Date Accounts and Explanations PR Debit Credit
Oct Answer
Merchandise Inventory
Answer
Answer
Answer
To adjust GL balance after inventory count
After their annual inventory count on September Salmon River Wholesale found that the inventory balance in their GL was overstated by $ Please record the entry to adjust the balance in their GL
Journal Page
Date Accounts and Explanations PR Debit Credit
Sept Answer
Answer
Answer
Answer
To adjust GL balance after inventory count
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