Top Posters
Since Sunday
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 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:
Read 118 times
4 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
wrote...
#3
4 years ago
Thank you
wrote...
#4
4 years ago
Thanks as well!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1200 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 53
  
 505
  
 278
Your Opinion
How often do you eat-out per week?
Votes: 79
Previous poll results: Do you trust social media networks with protecting your privacy?