Jahn Company had the following balances in its general ledger at December 31, 2012:

For the year 2012, Jahn Company's electronic sales registers showed a total cost of goods sold of $480,000. Assuming that a physical count of inventory on December 31, 2012, revealed inventory on hand costing $185,000, complete the following:

Question

Jahn Company had the following balances in its general ledger at December 31, 2012:
 
For the year 2012, Jahn Company's electronic sales registers showed a total cost of goods sold of $480,000. Assuming that a physical count of inventory on December 31, 2012, revealed inventory on hand costing $185,000, complete the following:

Quizplus · Accepted Answer

The Answer of Jahn Company had the following balances in its general ledger at December 31, 2012:
 
For the year 2012, Jahn Company's electronic sales registers showed a total cost of goods sold of $480,000. Assuming that a physical count of inventory on December 31, 2012, revealed inventory on hand costing $185,000, complete the following:

Jahn Company Had the Following Balances in Its General Ledger