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What value should Dobson Supplies show on the balance sheet for merchandise inventory? A. $1,200 B. $550 C. $650 D. $1750 Record the adjusting entry,

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What value should Dobson Supplies show on the balance sheet for merchandise inventory? A. $1,200 B. $550 C. $650 D. $1750 Record the adjusting entry, if one is needed (Record debits first, then credits. Select an explanation on the last and Explanations" column and leave all other cells blank.)

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