Adidea Corp. has a year-end inventory of $85,000.However, the general ledger account shows a debit balance of $95,000.The company must change the general ledger to reflect the actual inventory. Assuming the company uses a perpetual system, which adjusting worksheet entry does it need to use?
c
Inventory (debit) 10,000 Inventory change (credit) 10,000
Inventory (debit) 10,000 Cost of goods sold (credit) 10,000
Cost of goods sold (debit) 10,000 Inventory change (credit) 10,000
Inventory change (debit) 10,000 Inventory (credit) 10,000
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