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zepelin [54]
3 years ago
15

At year-end, the perpetual inventory records of Whispering Winds Corp. showed merchandise inventory of $112,410. The company det

ermined, however, that its actual inventory on hand was $110,490. Record the necessary adjusting entry.
Business
1 answer:
Fittoniya [83]3 years ago
8 0

Answer:

Explanation:

Given that

Merchandised inventory = $112,410

Actual inventory = $110,490

So, the amount of the inventory would be adjusted is

= $112,410 - $110,490

= $1,920

So, the adjusted journal entry is

Cost of Goods Sold A/c Dr $1,920

        To Merchandise inventory A/c $1,920

(Being the inventory amount is adjusted)

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