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Make the adjusting entry for inventory shrinkage for Zurich

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Problem - Inventory shrinkage - Zurich Company's perpetual inventory records indicate that $1,380,000 of merchandise should be on hand on August 31, 2012. The physical inventory indicates that $1,315,900 of merchandise is actually on hand. Make the adjusting entry for the inventory shrinkage for Zurich Company for the year ended August 31, 2012. Assume that the inventory  shrinkage is a normal amount.

Reference no: EM132680179

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