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Business, 20.02.2022 07:50 fantasticratz2

At the beginning of the year, SnapIt had $12,400 of inventory. During the year, SnapIt purchased $39,800 of merchandise and sold $33,600 of merchandise. A physical count of inventory at year-end shows $13,400 of inventory exists. Prepare the entry to record inventory shrinkage. Record the inventory shrinkage on journal entry worksheet

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At the beginning of the year, SnapIt had $12,400 of inventory. During the year, SnapIt purchased $39...
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