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Pulmonary Company's perpetual inventory records indicate that $184,610 of merchandise should be on hand on August 30, 2019. The physical inventory indicates that $166,150 of

Pulmonary Company's perpetual inventory records indicate that $184,610 of merchandise should be on hand on August 30, 2019. The physical inventory indicates that $166,150 of merchandise is actually on hand.

Journalize the adjusting entry for the inventory shrinkage for Pulmonary Company for the year ended August 30, 2019. Assume that the inventory shrinkage is a normal amount.

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