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Inventory Shrinkage House of Clean Company's perpetual inventory records indicate that $193,210 of merchandise should be on hand on January 30, 2019. The physical inventory
Inventory Shrinkage House of Clean Company's perpetual inventory records indicate that $193,210 of merchandise should be on hand on January 30, 2019. The physical inventory indicates that $177,750 of merchandise is actually on hand. Journalize the adjusting entry for the inventory shrinkage for House of Clean Company for the year ended January 30, 2019. Assume that the inventory shrinkage is a normal amount
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