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5 Floormart uses a perpetual inventory system. By year end, inventory that cost $26,000 can only be sold for $24,000. The journal entry required,

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5 Floormart uses a perpetual inventory system. By year end, inventory that cost $26,000 can only be sold for $24,000. The journal entry required, if any will include a: (1.5 Points) *

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