|
| What are the Adjusting Entries for the following? |
|
|
|
| A company uses a calendar year. The following figures are available: |
|
|
|
| Inventory, January 1 : $405,000 (by physical count) |
|
|
|
| Inventory, December 31: $411,000 (by physical count) |
|
|
|
|
|
|
|
|
| In journal form, record the adjusting entries. |
|
|
|
| Record the adjusting entries, assuming that the company uses the |
|
|
|
| periodic inventory system. |
|
|
|
|
THERE ARE 4 SEPARATE ANSWERS |
|
|
|
|
DESCRIPTION |
DEBIT |
CREDIT |
|
| 1 |
|
|
|
|
| 2 |
|
|
|
|
|
|
|
|
|
| 3 |
|
|
|
|
| 4 |
|
|
|
|
|