Business, 26.03.2020 19:09, Zaydblackwood06
Paragon Tire Co.’s perpetual inventory records indicate that $2,780,000 of merchandise should be on hand on March 31, 2019. The physical inventory indicates that $2,734,800 of merchandise is actually on hand. Journalize the adjusting entry for the inventory shrinkage for Paragon Tire Co. for the year ended March 31, 2019. Refer to the Chart of Accounts for exact wording of account titles.
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Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.
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Paragon Tire Co.’s perpetual inventory records indicate that $2,780,000 of merchandise should be on...
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