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The beginning inventory of Norcal Wholesalers was $113,000, and the ending inventory is $95,319. What entries are needed at the end of the fiscal

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The beginning inventory of Norcal Wholesalers was $113,000, and the ending inventory is $95,319. What entries are needed at the end of the fiscal period to adjust Merchandise Inventory? Record the adjustment for beginning inventory. Date Dec 31, 2015 General Journal Debit Credit

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