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Category > Accounting Posted 20 Aug 2017 My Price 4.00

Castle Furnishings Company

Inventory shrinkage

Castle Furnishings Company’s perpetual inventory records indicate that $675,400 of mer- chandise should be on hand on November 30, 2016. The physical inventory indicates that $663,800 of merchandise is actually on hand. Journalize the adjusting entry for the inventory shrinkage for Castle Furnishings Company for the year ended November 30, 2016. Assume that the inventory shrinkage is a normal    amount.

 

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Maurice Tutor
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Status NEW Posted 20 Aug 2017 06:08 PM My Price 4.00

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