l anu Cluse the áccounts of a merchandis gtab This Question: 1 pt t of 5 This Qu

Question

l anu Cluse the áccounts of a merchandis gtab This Question: 1 pt t of 5 This Quiz: 5 pts possibie 9. Wizard Computers's Merchandise Inventory account at year-end is showrg a s balance of $43,000 The peysical count of vnvertory came up with 541 800 Joumalze the aduling enty reeded to account for the inventory sheirkage The company uses the perpetiual inventcry system (Record debats drst, then crodits Select the espluestion on the lst ine of the e entry tabie) Date Accounts and Explanation Debit Credit est Dec 31 Practice Practic Practice Choose from any lst or enter any numbor in the imput feids and thon conteue to the next quesson

Explanation / Answer

Journal Entry :-

Date Particulars Debit ($) Credit ($) Dec. 31 Merchandise Inventory Shortage A/c Dr. 1200 To Merchandise Inventory ($43000 - $41800) 1200

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