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Jahn Company Had the Following Balances in Its General Ledger

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Jahn Company had the following balances in its general ledger at December 31, 2012:
Jahn Company had the following balances in its general ledger at December 31, 2012: For the year 2012, Jahn Company's electronic sales registers showed a total cost of goods sold of $480,000. Assuming that a physical count of inventory on December 31, 2012, revealed inventory on hand costing $185,000, complete the following:
For the year 2012, Jahn Company's electronic sales registers showed a total cost of goods sold of $480,000. Assuming that a physical count of inventory on December 31, 2012, revealed inventory on hand costing $185,000, complete the following:

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