The physical count of Sunland Company inventory determined that inventory with a cost of $ 144500 was
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Question:
The physical count of Sunland Company inventory determined that inventory with a cost of $144500 was on hand at year-end. If the unadjusted balance in the Inventory account was $139200, the company will make the following adjusting entry:
Cost of Goods Sold5300
Inventory 5300
Inventory5300
Cost of Goods Sold 5300
Income Summary5300
Inventory 5300
No Entry
0
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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