If the inventory shows an actual count of $350 and the perpetual inventory according to the records shows $339,the adjusting entry for the $11 would:
A) debit Cost of Goods Sold;debit Purchase Returns and Allowances.
B) debit Cost of Goods Sold;credit Inventory.
C) debit Inventory;credit Cost of Goods Sold.
D) debit Inventory;credit Purchase Returns and Allowances.
Correct Answer:
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