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The records of Penny Co . indicated that $ 3 8 6 , 8 2 0 of merchandise should be on hand on December 3
The records of Penny Co indicated that $ of merchandise should be on hand on December The physical inventory indicates that $ of merchandise is actually on hand.
Journalize the adjusting entry for the inventory shrinkage for the year ended December If an amount box does not require an entry, leave it blank.
Dec.
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