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Business, 01.07.2021 20:00 Anshuman2002

At the beginning of the year, SnapIt had $13,800 of inventory. During the year, SnapIt purchased $42,600 of merchandise and sold $35,700 of merchandise. A physical count of inventory at year-end shows $14,800 of inventory exists. Prepare the entry to record inventory shrinkage.

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At the beginning of the year, SnapIt had $13,800 of inventory. During the year, SnapIt purchased $42...
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