Question: Error Correction, after Books Closed. Tyrion Retailers, Inc. incorrectly recorded inventory in 2014. Rather than recording ending inventory as $ 570,000, Tyrions accounting manager entered

Error Correction, after Books Closed. Tyrion Retailers, Inc. incorrectly recorded inventory in 2014. Rather than recording ending inventory as $ 570,000, Tyrion’s accounting manager entered $ 750,000. Tyrion’s control-ler discovered the error in 2015. Prepare the journal entry necessary to correct the inventory error, ignoring any income tax effects.

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