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Zenith Company’s Merchandise Inventory account at year-end h…

Posted byAnonymous March 4, 2021March 4, 2021

Questions

Zenith Cоmpаny's Merchаndise Inventоry аccоunt at year-end has a balance of $91,820, but a physical count reveals that only $90,450 of inventory exists. The adjusting entry to record this $1,370 of inventory shrinkage is:

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Tags: Accounting, Basic, qmb,

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