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At the beginning of the year, Snaplt had $10,200 of inventory. During the year, Snaplt purchased $35,400 of merchandise and sold $30,300 of merchandise. A

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At the beginning of the year, Snaplt had $10,200 of inventory. During the year, Snaplt purchased $35,400 of merchandise and sold $30,300 of merchandise. A physical count of inventory at yearend shows $11,200 of inventory exists. Prepare the entry to record inventory shrinkage. Journal entry worksheet Record the inventory shrinkage. Note: Inter debits before crediti

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