Top Posters
Since Sunday
G
4
K
3
m
2
c
2
r
2
p
2
s
2
s
2
b
2
c
2
R
2
c
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
tivo tivo
wrote...
Go to Answer
Posts: 1776
Rep: 1 0
7 years ago
If shrinkage is found for $500, an adjusting entry would be made as follows:
A) debit Inventory for $500; credit Cost of Goods Sold for $500.
B) debit Inventory for $500; credit Sales Returns and Allowances for $500.
C) debit Cost of Goods Sold for $500; credit Inventory for $500.
D) debit Sales Returns and Allowances for $500; credit Inventory for $500.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
Read 146 times
2 Replies
Replies
Answer verified by a subject expert
largerthanlifelargerthanlife
wrote...
#1
Top Poster
Posts: 939
Rep: 33 0
7 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

tivo Author
wrote...
#2
7 years ago
Amazing, that's all I can say
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  910 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1024
  
 535
  
 353
Your Opinion
Who will win the 2024 president election?
Votes: 10
Closes: November 4
Previous poll results: Do you trust social media networks with protecting your privacy?