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St. Book Shop's unadjusted Merchandise Inventory at 30, was . The cost associated with the physical count of inventory on hand on 30, , was
St. Book Shop's unadjusted Merchandise Inventory at 30, was . The cost associated with the physical count of inventory on hand on 30, , was . In addition, St. Book Shop estimated approximately of merchandise sold will be returned with a cost of . Requirements 1. Journalize the adjustment for inventory shrinkage. 2. Journalize the adjustment for estimated sales returns
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
22nd Edition
324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844
