Business, 05.07.2020 14:01 mattr4960

Sunland Company had the following account balances at year-end: Cost of Goods Sold $60,410; Inventory $15,010; Operating Expenses $29,380; Sales Revenue $126,580; Sales Discounts $1,340; and Sales Returns and Allowances $2,090. A physical count of inventory determines that merchandise inventory on hand is $12,360.Prepare the adjusting entry necessary as a result of the physical count. 1. Account Titles and Explanation
Debit Credit
2. Account Tiles and Explanation
Debit Credit

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Sunland Company had the following account balances at year-end: Cost of Goods Sold $60,410; Inventor...

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