Delmar Industries uses the perpetual inventory method in accounting for inventory. Prepare the necessary adjusting entry for each of the following independent cases using the cost of goods sold account. If an amount box does not require an entry, leave it blank. Case 1 Physical count as of April 30 $43,100 Perpetual inventory records as of April 30 41,800Page: 1 DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 Apr. 30 fill in the blank 996475f7500b045_2 fill in the blank 996475f7500b045_3 1 2 fill in the blank 996475f7500b045_5 fill in the blank 996475f7500b045_6 2 If an amount box does not require an entry, leave it blank. Case 2 Physical count as of April 30 $37,800 Perpetual inventory records as of April 30 38,300Page: 1 DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 Apr. 30 fill in the blank 1d5723fa6fc5064_2 fill in the blank 1d5723fa6fc5064_3 1 2 fill in the blank 1d5723fa6fc5064_5 fill in the blank 1d5723fa6fc5064_6 2
Delmar Industries uses the perpetual inventory method in accounting for inventory. Prepare the necessary adjusting entry for each of the following independent cases using the cost of goods sold account. If an amount box does not require an entry, leave it blank. Case 1 Physical count as of April 30 $43,100 Perpetual inventory records as of April 30 41,800Page: 1 DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 Apr. 30 fill in the blank 996475f7500b045_2 fill in the blank 996475f7500b045_3 1 2 fill in the blank 996475f7500b045_5 fill in the blank 996475f7500b045_6 2 If an amount box does not require an entry, leave it blank. Case 2 Physical count as of April 30 $37,800 Perpetual inventory records as of April 30 38,300Page: 1 DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 Apr. 30 fill in the blank 1d5723fa6fc5064_2 fill in the blank 1d5723fa6fc5064_3 1 2 fill in the blank 1d5723fa6fc5064_5 fill in the blank 1d5723fa6fc5064_6 2
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Delmar Industries uses the perpetual inventory method in accounting for inventory. Prepare the necessary
If an amount box does not require an entry, leave it blank.
Case 1 | ||
Physical count as of April 30 | $43,100 | |
Perpetual inventory records as of April 30 | 41,800 |
DATE | DESCRIPTION | POST. REF. |
DEBIT | CREDIT | ||
---|---|---|---|---|---|---|
1 | Apr. 30 | fill in the blank 996475f7500b045_2 | fill in the blank 996475f7500b045_3 | 1 | ||
2 | fill in the blank 996475f7500b045_5 | fill in the blank 996475f7500b045_6 | 2 |
If an amount box does not require an entry, leave it blank.
Case 2 | ||
Physical count as of April 30 | $37,800 | |
Perpetual inventory records as of April 30 | 38,300 |
DATE | DESCRIPTION | POST. REF. |
DEBIT | CREDIT | ||
---|---|---|---|---|---|---|
1 | Apr. 30 | fill in the blank 1d5723fa6fc5064_2 | fill in the blank 1d5723fa6fc5064_3 | 1 | ||
2 | fill in the blank 1d5723fa6fc5064_5 | fill in the blank 1d5723fa6fc5064_6 | 2 |
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