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A company has an unadjusted balance of $38,700 in inventory. Through a physical count, the company determines that its actual inventory on December 31, 2019

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A company has an unadjusted balance of $38,700 in inventory. Through a physical count, the company determines that its actual inventory on December 31, 2019 is $39,000. The necessary adjusting entry on December 31, 2019 will be

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