Using the data given in Exercise 26.1, prepare the general journal entry to record adjustments for inventory
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Debit Credit Finished Goods Inventory Work in Process Inventory Raw Materials Inventory $ 60,000 $62,000 85,000 45,000 90,000 50,000 Materials Purchases Purchases Returns and Allowances Freight In (on Materials Purchases) 800,000 8,000 30,000
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Related Book For
College Accounting Chapters 1-30
ISBN: 978-1259631115
15th edition
Authors: John Price, M. David Haddock, Michael Farina
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