At the beginning of the year, SnapIt had $12,400 in inventory.During the year, SnapIt bought $39,800 of
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Question:
At the beginning of the year, SnapIt had $12,400 in inventory. During the year, SnapIt bought $39,800 of products and sold $33,600 of products. A physical inventory count at year-end shows $13,400 of inventory available. Prepare entry to record inventory shrinkage.
Save inventory shrinkage in journal entry worksheet
Related Book For
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
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