When the Physical Count of RNA Company Inventory Had a Cost

question 4

Multiple Choice

When the physical count of RNA Company inventory had a cost of $3,400 at year end and the unadjusted balance in Merchandise Inventory was $3,500, RNA will have to make the following entry:

• A) \(\begin{array} { l }\text {Cost of Goods Sold. }&100 \\
• \text {Merchandise Inventory }&&100 \\\end{array}\)
• B)\(\begin{array} { l } \text { Merchandise Inventory.}&100 \\
• \text { Cost of Goods Sold}&&100 \\\end{array}\)
• C) \(\begin{array} { l }\text { Income Summary. }&100 \\
• \text { Merchandise Inventory}&&100 \\\end{array}\)
• D) \(\begin{array} { l }\text { Cost of Goods Sold}&3,500 \\
• \text {Merchandise Inventory }&&3,500 \\
• \end{array}\)

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Definitions:

Unconscious Psychological Forces

Mental processes that are not within an individual's conscious awareness but that influence emotions, behaviors, and thoughts.

Free Association

A psychoanalytic technique where a patient speaks freely about their thoughts, feelings, and mental images to uncover unconscious desires and conflicts.

Psychoanalysis

A therapeutic approach and theory of psychiatry developed by Sigmund Freud that emphasizes unconscious psychological processes and conflicts as the root of mental disorders.

Symbolism

The use of symbols to represent ideas or qualities in literature, art, and other forms of cultural expression.