Question: PLEASE ANSWER IT FAST AND MAKE SURE THE JOURNAL ENTRY IS RIGHT! The following information is available for Wildhorse Company for 2 0 2 5

PLEASE ANSWER IT FAST AND MAKE SURE THE JOURNAL ENTRY IS RIGHT!
The following information is available for Wildhorse Company for 2025 who uses a periodic inventory system:
(a)
If the physical count of ending inventory at Wildhorse is $143,100, what is the cost of goods sold?
Cost of goods sold $
Attempts: 0 of 1 used
(b)
Prepare the journal entry for the end-of-period inventory. (All previous entries were properly prepared.)(List all debit entries before
credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Account Titles and Explanation
Credit
PLEASE ANSWER IT FAST AND MAKE SURE THE JOURNAL

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 Accounting Questions!