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.