Suppose dave's discount's merchandise inventory account showed a balance of $8,000 before the year-end adjustments. the physical count of goods on hand totaled $7,400. dave uses a perpetual inventory system. to adjust the accounts, which entry would the company make?

Db Cost of Goods Sold600

Cr Merchandise Inventory 600

Explanation:

A perpetual inventory system has the advantages of both providing up-to-date inventory balance information and requiring a reduced level of physical inventory counts. However, the calculated inventory levels derived by a perpetual inventory system may gradually diverge from actual inventory levels, due to unrecorded transactions or theft, so you should periodically compare book balances to actual on-hand quantities (typically using cycle counting) and adjust the book balances as necessary.

answer(d) the growth of consumption is likely to remain sluggish even as the economy begins to recover.;