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Current Attempt in Progress At year end, the perpetual inventory records of Ivanhoe Company showed merchandise inventory of $ 9 6 , 8 0 0

Current Attempt in Progress

At year end, the perpetual inventory records of Ivanhoe Company showed merchandise inventory of $

96, 800 .

The company

determined, however, that its actual inventory on hand was $

95, 200 .

Record the necessary adjusting entry.

Account Titles

Debit

Credit

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