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this is the same question, and I selected each drop down menu to assist you. Please help!!!! On December 31, 2020. Company ABC counted the
this is the same question, and I selected each drop down menu to assist you. Please help!!!!
On December 31, 2020. Company ABC counted the inventory it had in stock. It found that it only had $82,500 of inventory in stock. According to its accounting records, it should have $79,400 of inventory. Make the appropriate journal entry to record this inventory shrinkage (assume that this loss of inventory is a normal amount for the business). Account to be Debited Account to be Credited Debit Amount Credit Amount Dr. [Select [Select V Select Accounts Receivable Cr. Casa [ Select Select) Costur Goud Sid No Payale On December 31, 2020, Company ABC counted the inventory it had in stock. It found that it only had $82,500 of inventory in stock. According to its accounting records, it should have $79,400 of inventory. Make the appropriate journal entry to record this inventory shrinkage (assume that this loss of inventory is a normal amount for the business). Account to be Debited Account to be Credited Debit Amount Credit Amount Dr. [Select 1 [Select V Cr. [Select] Select) Select Alowance for Doubtful Accounts Accumulated Depreciation Cash inventory Stockholders' Equity Credited Debit Amount [ Select] [ Select $100 $3,100 $79.400 $82,500 $161,900 169 99- ord this inventory shrinkage (assume that Credit Amount [ Select] Select] $100 $3.100 $79,400 $82,500 $161.900Step by Step Solution
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