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    Marg123's Avatar
    Marg123 Posts: 3, Reputation: 1
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    #1

    Feb 6, 2011, 03:49 PM
    How to Post adjusting Journal Entry?
    Merchandise Inventory has a current balance of 16,200 in the trial balance. And after taking inventory the actual amount in Inventory is 15,300. How would I post the journal entry to show this difference?
    Marg123's Avatar
    Marg123 Posts: 3, Reputation: 1
    New Member
     
    #2

    Feb 6, 2011, 03:50 PM
    How to post adjusting journal entry?
    A truck that was purchased for 60000 on Jan 1, 2004 and has a estimated life of 10 years is depreciated strait line and has a salvage value equal to 20% of the purchase cost. How would I record the adjusting journal entry so a trail balance for Dec 31, 2008 can be made?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #3

    Feb 6, 2011, 04:06 PM

    Please review the guidelines on asking for help with homework that can be found here:

    https://www.askmehelpdesk.com/arts-l...board-b-u.html

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