When the physical count of Rosanna Company inventory had a cost of $4,350 at year end and the unadjusted balance in Inventory was $4,500, Rosanna will have to make the following entry: 
Definitions:
Collateral
An asset or property that a borrower offers to a lender as security for a loan, which can be forfeited in the event of a default.
Security Agreement
A legal contract that grants a lender a security interest in specified assets or property owned by the borrower as collateral for a loan.
Encryption
The process of converting information or data into a code to prevent unauthorized access.
Federal Regulation
Laws and rules established by the federal government to govern the conduct of individuals, businesses, and other entities.
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