The Inventory ledger account balance was $16,000 but the physical count at the end of period was

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The Inventory ledger account balance was $16,000 but the physical count at the end of period was $15,900. What adjustment is required to Cost of Goods Sold?

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Financial Accounting A Critical Approach

ISBN: 978-1259066528

4th edition

Authors: John Friedlan

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Posted Date: Apr 27, 2022 03:13 AM

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The Inventory ledger account balance was $16,000 but the physical count at the end of period was

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Date Account Titles Explana tion Debit Credit Cost of Good sold 10000 Inventory 10000 to adjust in... View the full answer

Financial Accounting A Critical Approach

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