Mountain Gear Inc., which uses a perpetual inventory system, experienced a normal inventory shrinkage of $21,950. What

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Mountain Gear Inc., which uses a perpetual inventory system, experienced a normal inventory shrinkage of $21,950. What accounts would be debited and credited to record the adjustment for the inventory shrinkage at the end of the accounting period?

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Financial Accounting

ISBN: 978-1133952428

12th Edition

Authors: Warren, Reeve, Duchac

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