Question: If inventory is written down by $30, what would the appropriate journal entry be? Dr. Cr. ..... 30 30 30

If inventory is written down by $30, what would the appropriate journal entry be?Dr. Cr. ..... 30 30 30

Dr. Cr. ..... 30 30 30

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Essentials Accounting Questions!

Q:

The parent, in January 2 0 2 3 , sold inventory for $ 9 0 0 0 . This inventory had been sold to it by the subsidiary in the previous year. It had originally cost the subsidiary $ 6 4 0 0 , and was...

Q:

please help im lost part B is the most confusing to me, most of the pictures are for part B here are the new clear photos Part One-Trial Balance Worksheet A Journalize and post the normal monthly...

Q:

Arya Hound Inc. (AHI) uses the allowance method for estimating uncollectible accounts. They use a combination of the % of credits sales and the % of accounts receivable approaches to determine bad...

Q:

Styles Practical Completion Point 2 This section of the practical is designed to allow you to compare how a basic General Journal and Ledger System operates with a system of Specialised Journals. You...

Q:

2. (TCO B) Adjusting Entries: Stephen King, D.D.S. opened a dental practice on January 1, 2010. During the first month of operations the following transactions occurred: Performed services for...

Q:

2. (TCO B) Adjusting Entries: Stephen King, D.D.S. opened a dental practice on January 1, 2010. During the first month of operations the following transactions occurred: Performed services for...

Q:

I attached file in here. It is including 2 parts, so I need the details for both, please. explain the details each topic of each chapter 1,2,3,4,5,18 and 7 (part 1) solve all problems with details of...

Q:

Potential Matches: 1 : Implies that a company can divide its economic activities into artificial time periods 2 : Affairs of the business distinguished from those of its owners 3 : Presentation of...

Q:

On 1 July 2019, Mutt Ltd acquired all the issued shares of Jeff Ltd for $174 800. At this date, the equity of Jeff Ltd consisted of the share capital of $80 000 and retained earnings of $68 800. All...

Q:

I attached file in here. It is including 2 parts, so I need the details for both, please. explain the details each topic of each chapter 1,2,3,4,5,18 and 7 (part 1) solve all problems with details of...

Q:

Pick a product. For example I pick "SHIRT". (Now none of you will do your assignment on this product). 1st Part of the question is Background- The shirt product I have chosen is made be "Tommy...

Q:

Multiple Choice 3 points Which of the following is NOT a common problem associated with defined contribution ( DC ) retirement plans? Employers are legally required to match 1 0 0 % of employee...

Q:

This problem performs elliptic curve encryption/decryption using the scheme outlined in Section 10.4. The cryptosystem parameters are \(\mathrm{E}_{11}(1,6)\) and \(G=(2,7)\). B's secret key is...

Q:

Explain what a demand curve is and why it is usually down-sloping. Then give an example of a product for which the demand curve might not be downsloping over some possible price ranges. Explain the...

Q:

What is the length of life of the typical demand curve? Illustrate your answer.

Q:

If the general market demand for mens shoes is fairly elastic, how does the demand for mens dress shoes compare to it? How does the demand curve for womens shoes compare to the demand curve for mens...

Q:

Using the information below, determine the appropriate Petty Cash transactions. Be sure to show all supporting work and calculations. 01-Mar-20 Established Petty Cash Fund of $200.00 by drawing funds...

Q:

Select all that apply Concerns with cross-cultural research include which of the following? Some studies have erroneously assumed that only one culture exists within a country or geographic region....

Q:

The enhancing qualities of information include which of the following? Select all that apply. A. verifiable B. cost constraint C. timely D. consistency