On December 31, Anup Enterprises completed a physical count of its inventory. Although the merchandise inventory account
Question:
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.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
DATE GENERAL JOURNAL DESCRIP...View the full answer
Answered By
Bree Normandin
Success in writing necessitates a commitment to grammatical excellence, a profound knack to pursue information, and a staunch adherence to deadlines, and the requirements of the individual publication. My background comprises writing research projects, research meta-analyses, literature reviews, white paper reports, multimedia projects, reports for peer-reviewed journals, among others. I work efficiently, with ease and deliver high-quality outputs within the stipulated deadline. I am proficient in APA, MLA, and Harvard referencing styles. I have good taste in writing and reading. I understand that this is a long standing and coupled with excellent research skills, analysis, well-articulated expressions, teamwork, availability all summed up by patience and passion. I put primacy on client satisfaction to gain loyalty, and trust for future projects. As a detail-oriented researcher with extensive experience surpassing eight years crafting high-quality custom written essays and numerous academic publications, I am confident that I could considerably exceed your expectations for the role of a freelance academic writer.
5.00+
7+ Reviews
21+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
A retail company recently completed a physical count of ending merchandise inventory to use in preparing adjusting entries. In determining the cost of the counted inventory, company employees failed...
-
A retail company recently completed a physical count of ending merchandise inventory to use in preparing adjusting entries. In determining the cost of the counted inventory, company employees failed...
-
On December 31, Marchant Company took a physical count of its merchandise inventory. It operates under the perpetual inventory system. The physical count amounted to $ 185,294. The Merchandise...
-
Climate-change concerns are resulting in investment in fuels that dont produce greenhouse gases. Although solar and wind power garner a lot of attention, nuclear power from uranium is also a...
-
Refer to the 2015 balance sheet for Google in Appendix A. What is the par value per share of its preferred stock? Suggest a rationale for the amount of par value it assigned. Google's financial...
-
Step-down, direct, and reciprocal methods, accuracy of allocation (Appendix 8A) Software Plus Corporation produces flight and driving simulations and games for personal computers. The president has a...
-
Bridget applied for a TV news commentators job. She has adequate experience to satisfy the job description but was denied the job. Bridget has a substantial birthmark that covers one side of her...
-
The Madison Corporation is authorized to issue $800,000 of five-year bonds dated June 30, 2007, with a face rate of interest of 11%. Interest on the bonds is payable semiannually and the bonds are...
-
Government spending as a fiscal policy tool is used to: A) ?Decrease the national debt B) ?Directly stimulate economic activity by increasing demand C) ?Reduce inflation D) ?Lower interest rates
-
(a) Employ superposition to determine the individual contribution from each independent source to the voltage v as labeled in the circuit shown in Fig. 5.57. (b) Compute the power absorbed by the ?...
-
Sunita Computer Supplies entered into the following transactions. Prepare journal entries under the perpetual inventory system. May 1 Purchased merchandise on account from Anju Enterprises, $200,000....
-
A trial balance for the Basket Corner, a business owned by Linda Palermo, is shown on page 567. Year-end adjustment information is provided below. (a and b) Merchandise inventory costing $24,000 is...
-
Dresser Companys weekly payroll, paid on Fridays, totals $8,000. Employees work a 5-day week. Prepare Dressers adjusting entry on Wednesday, December 31, and the journal entry to record the $8,000...
-
please help me with this. I am looking for the Javascript answer please e# name dob address hireDate EMPLOYEE ID position [Driver, Mechanic] license status [Available, On-leave] TRIP tripNumber ID...
-
The volume of this cube is 19,683 cubic feet. What is the surface area of this cube?
-
Task 2 (2.0 marks) Implement the following data manipulations on a collection of documents transport. (1) Remove a mechanic John Fox. (2) Remove information about a date of birth (dob) from a...
-
A lake supports a variety of fish. The land around the lake is owned by two fisherman, so by state law both are free to fish as much as they like. Let FA and FB be the number of fish each catches,...
-
Create an encoded metadata file using Dublin Core encoded in RDF/XML or Schema.org encoded in JSON. You may use the resource you already described in Assign 3 for this assignment, or you may choose a...
-
How does inflation hurt those on fixed incomes?
-
The following data are supplied for the common stocks of Nikola Corporation, Tesla, Inc. and General Motors: Nikola Corp (NKLA) Tesla Inc. (TSLA) Close Price ($) Close Price ($) 67.53 30.00 40.81...
-
A ball dropped from a height of 10 ft begins to bounce vertically. Each time it strikes the ground, it returns to two-thirds of its previous height. What is the total vertical distance traveled by...
-
Wendy Jones of Whitehorse has hired you as her bookkeeper to record the following transactions in the cash payments journal. She would like you to record and post as appropriate and supply her with a...
-
As the new accountant for Abby's Toy House in Halifax, your task is to: a. Journalize the transactions for the month of March. b. Record in subsidiary ledgers and post to the general ledger as...
-
In September, the following transactions occurred for Forrest Equipment Supply of Regina (your Study Guide with Working Papers have balances as of September 1 for certain general ledger and accounts...
-
a) Based on the information provided in the table below: i. Describe the impact of the cost behavior on economies of scale, constant returns to scale, and diseconomies of scale in each firm?...
-
Use the following information to answer questions below: Total current assets Total non-current assets Total current liabilities Long-term borrowings Share capital Revenue Gross profit Retained...
-
A Public Information Officer ( PIO ) for a public safety or emergency management agency might expect to spend what portion of his or her time on activities directly related to incident response or...
Study smarter with the SolutionInn App