At December 31,2023 , a merchandisang company's year end, the accounting...
50.1K
Verified Solution
Link Copied!
Question
Accounting
At December 31,2023 , a merchandisang company's year end, the accounting records show a balance of 577,000 in the inventory accou physicat count of the gonds in the warehouse shows invefrory on hand costing $80,000. What inumat entry would hring the inventory ac cortect balance? Complote the journal entry below (Record debits first, then credits. Select the explanation on the last line of the journal entry tab
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
