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Madison Company's perpetuat inventory records indicate that $545,690 of merchandise should be on and on October 3. The wordt $492,650 is actually on hand. Journalize

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Madison Company's perpetuat inventory records indicate that $545,690 of merchandise should be on and on October 3. The wordt $492,650 is actually on hand. Journalize the adjusting entry for the inventory shrinkage for Madison Company for the year ended October 31. tout by it blank Oct. 31

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