Question
Using a perpetual inventory system, ifPina Colada's accounting records show an ending inventory balance of $24000and a physical count shows a balance of $22000, it
Using a perpetual inventory system, ifPina Colada's accounting records show an ending inventory balance of $24000and a physical count shows a balance of $22000, it is necessary to
1 emove the nonexistent inventory from its records.
2\debit its inventory records.
3\credit Cost of Goods Sold.
4\purchase additional inventory.
is it the first answer ?
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Cornerstones of Financial Accounting
Authors: Jay Rich, Jeff Jones
4th edition
978-1337690881, 9781337669450, 1337690880, 1337690899, 1337669458, 978-1337690898
