At the beginning of the year, Snaplt had $12,000 of inventory. During the year, Snaplt purchased $39,000 of merchandise and sold $33,000 of merchandise. A physical count of inventory at year-end shows $13,000 of inventory exists. Prepare the entry to record inventory shrinkage. View transaction list Journal entry worksheet < Record the inventory shrinkage. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal