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Business, 11.11.2021 07:20 kayleerose414

At the beginning of the year, SnapIt had $12,000 of inventory. During the year, SnapIt purchased $39,000 of merchandise and sold $33,000 of merchandise. A physical count of inventory at year-end shows $13,000 of inventory exists. Prepare the entry to record inventory shrinkage.

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At the beginning of the year, SnapIt had $12,000 of inventory. During the year, SnapIt purchased $39...
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