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Jeana's Furniture's unadjusted Merchandise Inventory account at year-end is $69,000. The physical count of inventory...

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Accounting

Jeana's Furniture's unadjusted Merchandise Inventory account at year-end is $69,000. The physical count of inventory came up with a total of $67,600. Journalize the adjusting entry needed to account for inventory shrinkage. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation locs example Get more help Debit Clear all Credit Check answer

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