Bernard Office Equipment, which uses a perpetual inventory system, experienced a normal inventory shrinkage of $19,290. (a)
Question:
(a) What accounts would be debited and credited to record the adjustment for the inventory shrinkage at the end of the accounting period?
(b) What are some causes of inventory shrinkage?
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Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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