Question: 2. Inventory Shrinkage Adjustment - Journalize the adjusting entry for inventory shrinkage given t scenario presented below. Spartan Company's perpetual inventory records indicate that $4,250,000

2. Inventory Shrinkage Adjustment - Journalize the adjusting entry for inventory shrinkage given t scenario presented below. Spartan Company's perpetual inventory records indicate that $4,250,000 of merchandise should b on hand on December 31, 2023. The physical inventory indicates that $4,235,000 of merchandise actually on hand. Journalize the adjusting entry for the inventory shrinkage for Spartan Company f the fiscal year ended December 31, 2023. General Journal Date Description ost Ref Debit Page Credit

2. Inventory Shrinkage Adjustment - Journalize the adjusting entry for inventory shrinkage given scenario presented below. Spartan Company's perpetual inventory records indicate that $4,250,000 of merchandise should on hand on December 31,2023 . The physical inventory indicates that $4,235,000 of merchandise actually on hand. Journalize the adjusting entry for the inventory shrinkage for Spartan Company the fiscal year ended December 31, 2023

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