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Other Fields Homework Help Accounting Topic started by: tivo on Feb 20, 2017



Title: If the inventory shows an actual count of $350 and the perpetual inventory according to the records ...
Post by: tivo on Feb 20, 2017
If the inventory shows an actual count of $350 and the perpetual inventory according to the records shows $339, the adjusting entry for the $11 would:
A) debit Cost of Goods Sold; debit Purchase Returns and Allowances.
B) debit Cost of Goods Sold; credit Inventory.
C) debit Inventory; credit Cost of Goods Sold.
D) debit Inventory; credit Purchase Returns and Allowances.


Title: Re: If the inventory shows an actual count of $350 and the perpetual inventory according to the ...
Post by: largerthanlife on Feb 20, 2017
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Title: Re: If the inventory shows an actual count of $350 and the perpetual inventory according to the records ...
Post by: tivo on Apr 10, 2017
Amazing, that's all I can say


Title: Re: If the inventory shows an actual count of $350 and the perpetual inventory according to the ...
Post by: superwhiterice on Oct 13, 2019
Thank you


Title: Re: If the inventory shows an actual count of $350 and the perpetual inventory according to the ...
Post by: Juvani on Oct 13, 2019
Thanks as well!