15 6.76 points At the beginning of the year, Snaplt had $10,800 of inventory. During the year, Snaplt purchased $36,600 of merchandise and sold $31,200 of merchandise. A physical count of inventory at year-end shows $11,800 of inventory exists. Prepare the entry to record inventory shrinkage. Skipped eBook Ask Print View transaction list Journal entry worksheet 1 Record the inventory shrinkage. Note: Enter debits before credits. References Date December 31 General Journal Debit Credit Record entry Clear entry View general journal