Prepare general journal entries for the month of june

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Problem 1: Prepare General Journal entries for the month of June 2018 for the following unrelated situations.

  • A business conducts a stocktake and determines that the value of inventory on hand is only $78,000. The inventory control ledger account shows an inventory balance of $80,000.The company uses a perpetual inventory system.

Reference no: EM132840827

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