Question: Choose correct answer and show all work. Suppose Dave's Discount's Merchandise Inventory account showed a balance of $8, 000 before the year-end adjustments. The physical

Choose correct answer and show all work.

Choose correct answer and show all work. Suppose Dave's Discount's Merchandise Inventory

Suppose Dave's Discount's Merchandise Inventory account showed a balance of $8, 000 before the year-end adjustments. The physical count of goods on hand totaled $7, 400. Dave uses a perpetual inventory system. To adjust the accounts, which entry would the company make

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