Question: Cullumber Electronics uses a perpetual inventory system which, at the company's year-end December 31, 2023, indicated an inventory value of $1,035,150. A physical inventory count

Cullumber Electronics uses a perpetual inventory system which, at the company's year-end December 31, 2023, indicated an inventory value of $1,035,150. A physical inventory count was conducted and it was determined that the inventory value was $996.075. Prepare the journal entry to record the difference between the perpetual inventory record and the physical inventory count

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