The Merchandise Inventory Account of a Company Shows a Balance

question 36

Multiple Choice

The Merchandise Inventory account of a company shows a balance of $50,000 but a physical count of inventory shows $48,000.Which of the following entries is required to record the shrinkage? (Assume a perpetual inventory system)

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Definitions:

Multitasking

The ability or practice of performing multiple tasks simultaneously or switching between tasks quickly.

Work Streamlining

The process of optimizing workflow and processes in a working environment to improve efficiency and reduce unnecessary steps or resources.

Eliminate Tasks

The process of removing or reducing unnecessary or unproductive tasks to improve efficiency.

Increasing Revenue

The process of growing the amount of money generated from a business's operations, typically by enhancing sales, expanding markets, or improving pricing strategies.