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Jane's Furniture's unadjusted Merchandise Inventory account at year-end is $64,000. The physical count of inventory came up with a total of $62,800. Journalize the adjusting

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Jane's Furniture's unadjusted Merchandise Inventory account at year-end is $64,000. The physical count of inventory came up with a total of $62,800. Journalize the adjusting entry needed to account for inventory shrinkage. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

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