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Suppose Kevin's Discount Warehouse had a Merchandise Inventory account with a balance of $14,000 before the year-end adjustments. The physical count of goods on hand
Suppose Kevin's Discount Warehouse had a Merchandise Inventory account with a balance of $14,000 before the year-end adjustments. The physical count of goods on hand totaled $8800. To adjust the accounts, what entry would be made to the Cost of Goods Sold Account? (For this answer, indicate a debit as a positive number and a credit as a negative number.)
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