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At the end of its Year 1 accounting period, Voss Company had a $35,000 balance in its inventory account. Even so, when the company took

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At the end of its Year 1 accounting period, Voss Company had a $35,000 balance in its inventory account. Even so, when the company took a physical count of the inventory, it found only $34,300 of inventory on hand. Which of the following journal entries would be required to recognize the inventory shrinkage

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