Question
The pre-adjustment trial balance of Platform Traders for the year ended 28 February 20.19 reflected the following balances: Trading inventory R16 502 Cleaning materials R550
The pre-adjustment trial balance of Platform Traders for the year ended 28 February 20.19 reflected the following balances:
Trading inventory | R16 502 |
Cleaning materials | R550 |
Packaging materials | R2 980 |
Stationery | R740 |
During the physical inventory count, which was held on the 27 and 28 February 20.19 the following inventory was on hand: trading inventory to the amount of R14 184, cleaning materials to the amount of R420, packaging materials to the amount of R332 and stationery to the amount of R248.
The business makes use of the perpetual inventory system.
The correct adjustment journal entries that need to be processed, to ensure that the inventory amounts to be disclosed in the statement of profit or loss and other comprehensive income and in the statement of financial position as at 28 February 20.19 is correct?
Instructions:
Drag the correct answer into the correct space.
An option can be used more than once.
Keep the sequence according to the transactions given in the additional information.
PLATFORM TRADERS GENERAL JOURNAL - FEBRUARY 20.19 248 PLATFORM TRADERS GENERAL JOURNAL - FEBRUARY 20.19 248
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