Billiards Corp. (who uses a periodic inventory system) has beginning inventory of 160 units, purchases of...
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Billiards Corp. (who uses a periodic inventory system) has beginning inventory of 160 units, purchases of 760 units, and sales of 830 units. Assume each inventory unit costs $9 and the company counts 100 units of ending inventory. Record the December 31 inventory adjusting entry (if necessary). Please copy and paste the blank table below into your answer field and type in the necessary information. Note that not all lines may be needed. Date Account Debit Credit Billiards Corp. (who uses a periodic inventory system) has beginning inventory of 160 units, purchases of 760 units, and sales of 830 units. Assume each inventory unit costs $9 and the company counts 100 units of ending inventory. Record the December 31 inventory adjusting entry (if necessary). Please copy and paste the blank table below into your answer field and type in the necessary information. Note that not all lines may be needed. Date Account Debit Credit
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Answer Date Account Debit credit Closing inventory December 90 31 Account Dr ... View the full answer
Related Book For
Financial and managerial accounting
ISBN: 978-1118016114
1st edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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