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Mathematics, 01.12.2020 08:40 cicimarie2018

Target's inventory account at year-end has an ending balance of $3,500,000. The physical count reveals that only $3,250,000 of inventory exists. What adjusting entry should Target record to reconcile ending inventory to the physical count?

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Target's inventory account at year-end has an ending balance of $3,500,000. The physical count revea...
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