On December 31, Anup Enterprises completed a physical count of its inventory. Although the merchandise inventory account

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On December 31, Anup Enterprises completed a physical count of its inventory. Although the merchandise inventory account shows a balance of $200,000, the physical count comes to $210,000. Prepare the appropriate adjusting entry under the perpetual inventory system.


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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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