Beachcombers Inc.'s Inventory account at year end showed a debit balance of $150,000. A physical count of

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Beachcombers Inc.'s Inventory account at year end showed a debit balance of $150,000. A physical count of inventory showed goods on hand of $147,000. Journalize the adjusting entry. Beachcombers uses the perpetual inventory system.

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Horngrens Accounting

ISBN: 978-0133855371

10th Canadian edition Volume 1

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood

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Question Posted: Mar 31, 2017 03:11 PM

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Beachcombers Inc.'s Inventory account at year end showed a debit balance of $150,000. A physical count of

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Horngrens Accounting

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