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Question 4 (3 points) At the November 30 year end, the perpetual inventory records of Kato Company showed merchandise inventory of $54,500. The company
Question 4 (3 points) At the November 30 year end, the perpetual inventory records of Kato Company showed merchandise inventory of $54,500. The company determined, however, that its actual inventory on hand was $53,800. Required: Record the necessary adjusting journal entry. Paragraph v B I U A GENERAL JOURNAL DATE ACCOUNT TITLES DEBIT CREDIT
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-0538473484, 538473487, 978-1111879044
