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Journalize the adjusting entry for the inventory shrinkage

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Triangle Company's perpetual inventory records indicate that $111,500 of merchandise should be on hand on September 30, 2008. The physical inventory indicates that $107,400 of merchandise is actually on hand. Journalize the adjusting entry for the inventory shrinkage for Triangle Company for the year ended September 30, 2008.

Reference no: EM13511355

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