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The inventory records of Spiro Company indicate that $63,200 of merchandise should be on hand at the end of the month. The physical inventory indicates
The inventory records of Spiro Company indicate that $63,200 of merchandise should be on hand at the end of the month. The physical inventory indicates that $58,900 is actually on hand. The journal entry to adjust inventory shrinkage will include O a. a debit to Merchandise Inventory for $4,300. O b. a credit to Cost of Merchandise Sold for $4,300. O c. a credit to Merchandise Inventory for $4,300. O d. a credit to Cash for $4,300.
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