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tivo tivo
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Posts: 1776
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7 years ago
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.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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largerthanlifelargerthanlife
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Posts: 939
7 years ago
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tivo Author
wrote...
6 years ago
Amazing, that's all I can say
wrote...
4 years ago
Thank you
wrote...
4 years ago
Thanks as well!
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