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Josh's Furniture's unadjusted Merchandise Inventory account at year-end is $61,000. The physical count of inventory came up with a total of $59,900. Journalize the
Josh's Furniture's unadjusted Merchandise Inventory account at year-end is $61,000. The physical count of inventory came up with a total of $59,900. 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.) Date Accounts and Explanation Debit Credit
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
