Question: Sarin Retail Outlets incorrectly recorded inventory in 2016. Rather than recording ending inventory as $960,000, Barin's accounting manager entered $690.000, understating ending inventory b y

Sarin Retail Outlets incorrectly recorded inventory in 2016. Rather than recording ending inventory as $960,000, Barin's accounting manager entered $690.000, understating ending inventory b y $270.000. Barin's controller discovered the error in 2018. Prepare the journal entry necessary 10 correct the inventory error, ignoring any income tax effects.

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