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Baltic Supplies provides the worksheet shown below at the end of the year.
A count of the physical inventory at year-end shows that there is actually $11,000 of inventory left. Assuming this is the only adjusting entry needed at year-end, please post the inventory adjustment to the worksheet and update the adjusted trial balance.
Horizontal Communication
The exchange of information or messages between individuals or departments at the same level within an organization.
Similar Hierarchical Levels
Similar Hierarchical Levels denote individuals or positions within an organization that share equivalent rank or status, facilitating peer-level interaction and collaboration.
Lateral
Relating to, or situated at, the side; often used to denote movement or thinking that is not linear.
Informal Communication Network
A system of personal connections and channels within an organization where information is exchanged unofficially rather than through formal, organizational structures.
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