Top Posters
Since Sunday
e
4
h
4
h
4
m
3
d
3
B
3
o
3
w
3
H
3
a
3
c
3
k
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
H3Ko H3Ko
wrote...
Go to Answer
Posts: 4891
Rep: 45 0
8 years ago
The general ledger shows a balance of $66,400 in the Merchandise Inventory account at the end of the period. The physical inventory count shows inventory of $63,000. The adjusting entry includes a ________.
A) debit to Cost of Goods Sold and a credit to Cash for $3,400
B) debit to Merchandise Inventory and a credit to Cost of Goods Sold for $3,400
C) debit to Cost of Goods Sold and a credit to Merchandise Inventory for $3,400
D) debit to Merchandise Inventory and a credit to Cash for $3,400
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
Read 158 times
2 Replies
Replies
Answer verified by a subject expert
TanksTanks
wrote...
#1
Top Poster
Posts: 1274
Rep: 237 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

H3Ko Author
wrote...
#2
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1132 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 739
  
 1205
  
 834
Your Opinion
Previous poll results: Who's your favorite biologist?