at year end the perpetual inventory records of blossom company showed merchandise inventory of 96700 the company determined however that its actual inventory on hand was 94700 record the necessary adjusting entry credit account titles are automatically indented when the amount is entered do not indent manually if no entry is required select no entry for the account titles and enter 0 for the amounts

Answer rating: 100% (QA)

To adjust the perpetual inventory records for Blossom Company Adjusting Entry 1 Inventory Overstatem... View the full answer