Acompany that maintains a perpetual inventory system has an inventory account balance of $50,000. the physical count of goods on hand totals $49,600. which of the following adjusting entries is correct? a. debit purchases and credit inventory. b. debit cost of goods sold and credit inventory. c. debit inventory and credit purchases. d. debit sales discounts and credit inventory.
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Acompany that maintains a perpetual inventory system has an inventory account balance of $50,000. th...
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