Question
please help with this journal entry fro acct thanks! At the beginning of the year, Snaplt had $11,600 of inventory. During the year, Snaplt purchased
please help with this journal entry fro acct thanks!
At the beginning of the year, Snaplt had $11,600 of inventory. During the year, Snaplt purchased $38,200 of merchandise and sold $32,400 of merchandise. A physical count of inventory at year-end shows $12,600 of inventory exists. Prepare the entry to record inventory shrinkage. View transaction list Journal entry worksheet 1 Record the inventory shrinkage. Note: Enter debits before credits. Date December 31 Record entry General Journal Clear entry Debit Credit View general journal
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