The company just took a physical count of inventory and found $75 worth of inventory wasunaccounted for. It was either stolen or damaged. Which journal would the company use to record thecorrection of the error in inventory?A. sales journalB. purchases journalC. cash receipts journalD. cash disbursements journalE. general journal

Principles of Accounting Volume 1
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ISBN:9781947172685
Author:OpenStax
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Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 10MC: The company just took a physical count of inventory and found $75 worth of inventory was unaccounted...
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The company just took a physical count of inventory and found $75 worth of inventory was
unaccounted for. It was either stolen or damaged. Which journal would the company use to record the
correction of the error in inventory?
A. sales journal
B. purchases journal
C. cash receipts journal
D. cash disbursements journal
E. general journal

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