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Business, 14.02.2020 03:22 renee2870

Ashton Company uses the perpetual method. The company's inventory account had a $6,600 balance as of December 31, Year 1. A physical count of inventory shows only $5,900 of merchandise in stock at December 31, Year 1. How does the related adjusting entry affect the financial statements?

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Ashton Company uses the perpetual method. The company's inventory account had a $6,600 balance as of...
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