What are the relevant entries for the IS and BS

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Question - Pre Adjusted TB Inventory value = R140 000

Adjustments:

1. Inventories at end of financial year according to stock take is R135 000 trading inventory and R2000 stationery

2. Owner made drawings of R2000 for trading inventory

3. Stationery expense sitting in operating expense is R2000 (not sure if this is related to the above)

Required - What are the relevant entries for the IS and BS?

Reference no: EM132652383

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