Muhammad_Rizwan
Jun 24, 2014, 01:47 AM
Frisbee hardware uses a perpetual inventory system.At year-end, the Inventory account has a bal-ance of $250,000, but a physical count shows that the merchandise on hand has a cost of only $246,000.
a. Explain the probable reason(s) for this discrepancy.
b. Prepare the journal entry required in this situation.
c. Indicate all the accounting records to which your journal in part b should be posted.
Pleaseeeeeeeeee helpppppp meeeee :'(:'(
a. Explain the probable reason(s) for this discrepancy.
b. Prepare the journal entry required in this situation.
c. Indicate all the accounting records to which your journal in part b should be posted.
Pleaseeeeeeeeee helpppppp meeeee :'(:'(