Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 21 Aug 2017 My Price 7.00

Dave’s Discount’

Suppose Dave’s Discount’s Inventory account showed a balance of $8,000 before the year- end adjustments. The physical count of goods on hand totaled $7,400. To adjust the accounts, Dave Marshall would make the following entry:

a.

Cost of goods sold...........................

600

 
 

Inventory...................................

 

600

       

b.

Inventory.........................................

600

 
 

Accounts receivable ...................

 

600

       

c.

Accounts payable ............................

600

 
 

Inventory...................................

 

600

       

d.

Inventory.........................................

600

 
 

Cost of goods sold .....................

 

600

Answers

(5)
Status NEW Posted 21 Aug 2017 05:08 PM My Price 7.00

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