Question: Charleston s Furniture uses the perpetual inventory method At the end

Charleston's Furniture uses the perpetual inventory method. At the end of the year, Charleston’s Furniture’s Inventory account had a ledger balance of $87,000. A physical inventory count revealed that the actual inventory on hand totaled $85,300. Journalize the transaction necessary to adjust the Inventory account at the end of the year.

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  • CreatedJuly 08, 2015
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