suppose dave rsquo s discount rsquo s inventory account showed a balance of 8 000 be 559653

Suppose Dave’s Discount’s Inventory account showed a balance of $8,000 before the year end adjustments. The physical count of goods on hand totaled $7,400. To adjust the accounts, Dave Marshall would make the following entry:

a.

Cost of goods sold

600

Inventory

600

b.

Inventory

600

Accounts payable

600

c.

Accounts payable

600

Inventory

600

d.

Cash

600

Inventory

600

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