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Ratling [72]
3 years ago
9

​Computers's Merchandise Inventory account at​ year-end is showing a balance of $ 43 comma 000. The physical count of inventory

came up with $ 41 comma 600. Journalize the adjusting entry needed to account for the inventory shrinkage. The company uses the perpetual inventory system.​
Business
1 answer:
Talja [164]3 years ago
8 0

Explanation:

The journal entry is shown below:

Cost of goods sold Dr $1,400

        To Merchandise inventory $1,400

(Being the inventory shrinkage is recorded)

It is computed below:

= $43,000 - $41,600

= $1,400

For recording this given journal entry, we debited the cost of goods sold and credited the merchandise inventory.

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Answer:

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so correct option is A. $101,050

Explanation:

given data

month              cash sales                    credit sale

march                $19,000                        $11,000

April                   $40,000                       $11,000

May                    $43,000                       $35,000

June                   $59,000                       $50,000

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total cash collections in June at Feeney Furniture

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we find here total cash collections in June that is express as

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put here value we get

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