Carlas Furnitures unadjusted Merchandise Inventory account at year-end is $62,000. The physical count of inventory came up

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Carlas Furnitures unadjusted Merchandise Inventory account at year-end is $62,000. The physical count of inventory came up with a total of $60,800. Journalize the adjusting entry needed to account for inventory shrinkage.

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Horngrens Financial and Managerial Accounting

ISBN: 978-0133866292

5th edition

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Question Posted: Jun 12, 2015 10:35 AM

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Carlas Furnitures unadjusted Merchandise Inventory account at year-end is $62,000. The physical count of inventory came up

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Horngrens Financial and Managerial Accounting

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