Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. at december 31,2023 , a merchandisang company's ye

At December 31,2023 , a merchandisang company's year end, the accounting...

50.1K

Verified Solution

Question

Accounting

image
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!
Become a Member

Other questions asked by students

Physics
1.2K views

A hydrogen like atom of atomic number Z is in excited state of quantum number...

Biology
1.2K views

1) Describe the five basic mechanisms of antibiotic action against bacterial cells. Give examples of drugs...

General Management
1.2K views

write four paragraphs discribing the Cuban missile crisis, 3 mains ideas on the topic that state...

Physics
1.2K views

For progressive wave y 2cm sin 3t 4x Statement 1 The particle at x 0...

Physics
1.2K views

A delivery man carries a 5.0-kg box up a flight of stairs 4.0 m above...

Geometry
1.2K views

One of the two sets of functions f1 fa f3 or g1 92 93 is...

Algebra
1.2K views

The half-life of radium-226 is 1600 years. Suppose you have a 20-mg sample. How long...

Algebra
1.2K views

Five years ago, you acquired a 30-year loan of $130,950, charging 6.7% annual interest, compounded...

Algebra
1.2K views

One hundred college seniors attending a career fair at a university were categorized according to...

Accounting
1.2K views

Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining...

Accounting
1.2K views

Patient Health is an outpatient surgical clinic that was profitable for many years, but Medicare...

Accounting
1.2K views

Answer to part A?