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At the beginning of the year, SnapIt had $ 1 0 , 0 0 0 of inventory. During the year, SnapIt purchased $ 3 5
At the beginning of the year, SnapIt had $ of inventory. During the year, SnapIt purchased $ of merchandise and sold $ of merchandise. A physical count of inventory at yearend shows $ of inventory exists. Prepare the entry to record inventory shrinkage.
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