The General Ledger Shows a Balance of $65,300 in the Inventory

question 17

Multiple Choice

The general ledger shows a balance of $65,300 in the Inventory account at the end of the period.A physical inventory shows a count of $67,900.The adjusting entry would be a:

• A) debit to Cost of goods sold and a credit to Inventory.
• B) debit to Cost of goods sold and a credit to Cash.
• C) debit to Inventory and a credit to Cost of goods sold.
• D) debit to Inventory and a credit to Cash.

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Definitions:

Hepatitis B Immunoglobulin

An injection of antibodies used to prevent hepatitis B infection after exposure to the virus.

Vastus Lateralis

The largest and most external of the four quadriceps muscles, located on the side of the thigh, important for knee extension and stabilization.

Puncture-Proof Container

A type of container designed to safely store and dispose of sharp objects, such as needles, to prevent a puncture injury.

Dorsogluteal Site

An injection site located in the buttock muscle, used for administering certain medications intramuscularly.