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Short Exercise 5 - 8 Adjusting for inventory shrinkage Jeana's Furniture's unadjusted Merchandise Inventory account at year-end is $69,000. The physical count of inventory came

Short Exercise 5 - 8 Adjusting for inventory shrinkage

Jeana's Furniture's unadjusted Merchandise Inventory account at year-end is $69,000. The physical count of inventory came up with a total of $67,600. Journalize the adjusting entry needed to account for inventory shrinkage.

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