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Using a Perpetual Inventory System, If Sackville Harness Shop Accounting

Question 159

Multiple Choice

Using a perpetual inventory system, if Sackville Harness Shop accounting records show an ending inventory balance of $43,000 and a physical count shows a balance of $45,000, it is necessary to


A) debit your inventory records to adjust to actual.
B) purchase additional inventory.
C) credit sales.
D) credit Purchase Returns and Allowances.

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