At year-end, the perpetual inventory records of Brewer Company showed merchandise inventory of $98,000. The company determined,

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At year-end, the perpetual inventory records of Brewer Company showed merchandise inventory of $98,000. The company determined, however, that its actual inventory on hand was $95,700. Record the necessary adjusting entry.

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Accounting Principles

ISBN: 978-0470534793

10th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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