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tivo tivo
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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.
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Financial Accounting

Financial Accounting


Edition: 3rd
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largerthanlifelargerthanlife
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tivo Author
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#2
7 years ago
Amazing, that's all I can say
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