At year-end the perpetual inventory records of garbo
At year-end the perpetual inventory records of Garbo Company showed merchandise inventory of $98,000. The company determined, however, that its actual inventory on hand was $96,500. Record the necessary adjusting entry.
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your companys summarized financial information for the beginning and projected end of the current year is as follows
at year-end the perpetual inventory records of garbo company showed merchandise inventory of 98000 the company
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