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The beginning Inventory of Norcal Wholesalers was $120,000, and the ending Inventory is $101,619. What entries are needed at the end of the fiscal period

The beginning Inventory of Norcal Wholesalers was $120,000, and the ending Inventory is $101,619. What entries are needed at the end of the fiscal period to adjust Merchandise Inventory? View transaction list Journal entry worksheet

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