Question 5 (1 point)
Suppose Kevin's Discount Warehouse had a Merchandise Inventory account with a balance of $11,000 before the year-end adjustments. The physical count of goods on hand totaled $8700. To adjust the accounts, what entry would be made to the Cost of Goods Sold Account? (For this answer, indicate a debit as a positive number and a credit as a negative number.)
Your Answer: