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At year-end, the perpetual Inventory records of Ayayal Company showed merchandise inventory of $107,600. The company determined, however, that its actual inventory on hand was

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At year-end, the perpetual Inventory records of Ayayal Company showed merchandise inventory of $107,600. The company determined, however, that its actual inventory on hand was $104,750. Record the necessary adjusting entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit

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