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At the beginning of the year, SnapIt had $10,400 of inventory. During the year, SnapIt purchased $35,800 of merchandise and sold $30,600 of merchandise. A
At the beginning of the year, SnapIt had $10,400 of inventory. During the year, SnapIt purchased $35,800 of merchandise and sold $30,600 of merchandise. A physical count of inventory at year-end shows $11,400 of inventory exists. Prepare the entry to record inventory shrinkage
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Intermediate Accounting IFRS Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
2nd Edition
1118443969, 978-1118443965
