abeigailshelton3281 abeigailshelton3281
  • 15-07-2021
  • Business
contestada

During the taking of its physical inventory on December 31,2008, Genesis company incorrectly counted its inventory as $126,000 instead of the correct amount of $135,000.

Respuesta :

PiaDeveau PiaDeveau
  • 23-07-2021

Explanation:

Given:

Wrong inventory needed = $126,000

Right inventory need to recorded = $135,000

Correct amount need to record = 135,000 - 126,000

Correct amount need to record = $9,000

Journal entry

Purchase A/c dr    9,000

To Credit or cash  A/c   9,0000

Answer Link

Otras preguntas

Given the graph below, write an equation in slope-intercept form.
write 321.51 to the nearest tenths​
LAST ATTEMPT !! MARKING AS BRAINIEST!!
why did theodore roosevelt choose to leave the republican party and run as an independent? how would the formationd of the progressive "Bull Moose" party help d
Describe how glacier mice are complete ecosystems, even though they are tiny.
pls help me anymore pls​
20points Which represents the restrictions on the radical inequality
Starting at 1:00 P.M., the temperature changed -4 degrees per hour. How long will it take to reach -1?
help me english !!!!!
12. -2 times the difference of x and 4 is 14. What is the number