If the Actual Inventory Count Determines an Inventory Value of $350

question 55

Short Answer

If the actual inventory count determines an inventory value of $350 while the perpetual inventory records
show a value of $339, what is the adjusting entry for the $11?

---

Definitions:

Vasopressin

A hormone produced by the hypothalamus and stored in the pituitary gland that regulates water balance in the body by reducing urine production; also known as antidiuretic hormone.

Prolactin

A hormone produced by the anterior pituitary gland that stimulates milk production after childbirth.

Positron Emission Tomography

A nuclear medicine functional imaging technique used to observe metabolic processes in the body.

Blood Flow

The continuous movement of blood through the circulatory system, delivering essential nutrients and oxygen to the body's cells while removing waste products.