At the End of Its Accounting Year, Getz Corporation's Physical

Multiple Choice

At the end of its accounting year, Getz Corporation's physical inventory count indicated that 543,345 units of inventory, costing $1.50 each were on hand.The company's perpetual inventory system reported a balance of $817,135. The year end adjusting entry is:

A) Debit inventory and credit "inventory over and short" $2,117.50
B) Debit "inventory over and short" and credit inventory $2,117.50
C) Debit inventory and credit "inventory over and short" $273,790
D) Debit "inventory over and short" and credit inventory $273,790