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adjustments, appears as follows: Nutriet Foods reports merchandise inventory at the lower-of-cout-er-market. Prior to releasing...

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Accounting

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adjustments, appears as follows: Nutriet Foods reports merchandise inventory at the lower-of-cout-er-market. Prior to releasing its financial statements for the year ended March 31, 2019, Nutiset's preliminary income statement, before the year-end Click the icon to view the preliminary income statement.) Nutriset has determined that the current replacement cost of onding merchandise inventory is $19.500. Cost is $24,000 Read the requirements Requirement 1. Journalize the adjusting entry for merchandise invertory, if any is required. (Record debits first, then credits Select the explanation on the last line of the journal only. For situations that do not require an entry, make sure to select "No only required in the first call in the "Acours column and leave all other celsbank.)

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