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The Trial Balance of a Merchandiser Is as Follows

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The trial balance of a merchandiser is as follows. A physical count of inventory at the end of the accounting year reveals $28,000 of inventory on hand. (Assume a perpetual inventory system) The trial balance of a merchandiser is as follows. A physical count of inventory at the end of the accounting year reveals $28,000 of inventory on hand. (Assume a perpetual inventory system)   Give journal entry to record the inventory shrinkage. Give journal entry to record the inventory shrinkage.


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