Categories
Study Questions

Nix’It Company’s ledger on july 31, its fiscal year-end, includes the following selected accounts that have normal balances (Nix’It uses…

Nix’It Company’s ledger on july 31, its fiscal year-end, includes the following selected accounts that have normal balances (Nix’It uses the perpetual inventory system).

 

Merchandise inventory …… $37,800

T,Nix. Capital…….. 115,300

T.Nix, Withdrawls……. 7,000

Sales….. 160,200

Sales discounts…. 4,700

Sales returns and allowances….. $6,500

Cost of goods sold….. 105,000

Depreciation expense….. 10,300

Salaries expense…. 32,500

Miscellaneous expenses….. 5,000

 

A physical count of its July 31 year-end inventory discloses that the cost of the merchandise inventory still available is $35,900. Prepare the entry to record any inventory shrinkage.

This page is having a slideshow that uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser.

Jessy
Jessy
Just a bit off from the syllabus rubric, but I can add to the slides on my own. Thank you anyway.
Alvin
Alvin
To the writer, THANK YOU, a million times over, this is very impressive! Thank you to the support team for making a hiccup not turn into a disaster!
Milly.P
Milly.P
There was consistent communication from the start, and it was obvious the writer thoroughly reviewed the information provided. Thank you.
Ivy.G
Ivy.G
Excellent work all the time! love my writer also. Don't know if I'm supposed to do this but I just need to say this writer does excellent work!
Emily.s
Emily.s
The writer followed my instruction thoroughly and did a great job. The quality of the paper is more than I expected. Thank you.
Justus N
Justus N
You people have been really patient with me as I created mechanical engineering content. It’s not an easy topic to handle, yet I can say that I worked with a skilled specialist. My writer took time to understand my ideas but it was mostly my fault. Just share more details.
Kelly H
Kelly H
When I received a paper revision from my new college professor, I was desperate as I didn’t know what to do. If not for Academized, I would be doomed. They know how to fix things for you and explain what was wrong as they fix it.
Paul D
Paul D
You're the best, I'll be using your services again soon! Thank you Thank you Thank you!
Mark P.
Mark P.
I asked my writer to help me compose a personal essay about charity work that I do at the local church. It is not easy for me to express myself in words, which is why I needed some privacy and a good person who would appreciate my thoughts and ideas.

error: Content is protected !!
Open chat
1
Do You Need Assignment Help? Lets Chat!
StudyPoo Inc.
Get Help Instantly direct from an Expert.

Talk through Live Chat right now!