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The Garrett Company uses the perpetual inventory system. The company's records showed a book balance of $18,000 in the Merchandise Inventory account, and a physical

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The Garrett Company uses the perpetual inventory system. The company's records showed a book balance of $18,000 in the Merchandise Inventory account, and a physical count finds only $16,250 of inventory. Which of the following indicates the effect of the necessary write down entry? Asset Liab. Rev. M. (1,750) 1,750 NA 750 B. Stk. Equity (1,750) (1,750) 16,250 (18,000) NA NA 16,250 (18,000) NA Stmt of Cash Flows NA NA 16,250 NA 10 (1,750) (1,750) 16,250 (18,000) C IA D. 16,250 (18,000) Multiple Choice O Option A O Option Prev MacBook Pro Multiple Choice Option A Option B Option C Option D

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