Question
Howard is the bookkeeper for a convenience store. The convenience store completed a physical inventory at the end of the year. The beginning inventory was
Howard is the bookkeeper for a convenience store. The convenience store completed a physical inventory at the end of the year. The beginning inventory was $35,000; however, the count taken was $33,000. Account for the shrinkage.
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Introduction to Governmental and Not for Profit Accounting
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
7th edition
9780132776073, 132776014, 978-0132776011
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