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

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At year-end, the perpetual inventory records of Salsa Company showed merchandise inventory of $98,000. The company determined, however, that its actual inventory on hand was $94,600. Record the necessary adjusting entry.

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Financial and managerial accounting

ISBN: 978-1118016114

1st edition

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

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Question Posted: Dec 29, 2012 04:02 AM

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

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While handling the inventory in a merchandise account there is usually a dif...View the full answer

Financial and managerial accounting

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