Question
Shaw Inc., which uses the perpetual inventory system, buys and sells merchandise inventory . On November 12, Shaw sold inventory for $2,800 on account. The
Shaw Inc., which uses the perpetual inventory system, buys and sells merchandise inventory. On November 12, Shaw sold inventory for $2,800 on account. The original cost of this inventory was $800. Required: In the journal below, record this transaction. Do not include decimals or cents in the numerical response.
| Date | Debit | Credit | |
| Nov 12 | _______________ | ______ | |
| ________________ | ______ | ||
| __________________ | ______ | ||
| ________________ | ______ |
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New Horizons In The Field Of Management Audit As A Tool For Improving The Overall Management Of Enterprises A Guideline For Good Governance
Authors: Mohammed Sakhawat Hossain
1st Edition
3639194454, 978-3639194456
