Question
The following information is provided for adjusting entry purposes: A physical inventory taken on May 31 showed goods costing $27,122 were actually on hand. What
The following information is provided for adjusting entry purposes:
A physical inventory taken on May 31 showed goods costing $27,122 were actually on hand.
What information do I need to record this adjustment on the general journal?
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Financial & Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
9781133607618, 978-1285868776
