At the beginning of the year, Snaplt had $11,400 of inventory. During the year, Snaplt purchased $37,800 of merchandise and sold $32,100 of merchandise. A physical count of inventory at year-end shows $12,400 of inventory exists. Prepare the entry to record inventory shrinkage. View transaction list Journal entry worksheet

At the beginning of the year, Snapit had $11,400 of inventory. During the year, $ naplt purchased $37,800 of merchandise and sold $32,100 of merchandise. A physicat count of inventory at year-end shows $12,400 of inventory exists. Prepare the entry to record inventory shrinkage: Journal entry worksheet