Caddis Co. had these unadjusted account balances on December 31, 2011:
Assuming that the ending inventory is $88,400, prepare the entry to adjust the inventory accounts.
Definitions:
Stanley Prusiner
A Nobel Prize-winning scientist known for his discovery of prions, a type of protein that can cause infectious diseases in the brain.
Biological Principle
Fundamental concepts that underpin the study of biology, such as the cell theory, gene theory, evolution, homeostasis, and ecology.
Prions
Infectious agents composed solely of protein, which can cause rare but fatal neurodegenerative diseases by inducing abnormal folding of specific proteins in the brain.
Measles Virus
A highly contagious virus that causes measles, a disease marked by fever, cough, and rash.
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