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Business, 03.03.2020 02:56 Student2499

A company uses a periodic inventory system and during the December 31, year-end physical inventory count discovered that they have incurred a $300 shrinkage in inventory. Prepare the necessary adjusting entry to record this shrinkage by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns.

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A company uses a periodic inventory system and during the December 31, year-end physical inventory c...
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