Perpetual inventory records

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Reference no: EM13125972

At year-end the perpetual inventory records of Garbo Company showed merchandise inventory of $111,690. The company determined, however, that its actual inventory on hand was $106,172. Record the necessary adjusting entry.

Reference no: EM13125972

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Perpetual inventory records : At year-end the perpetual inventory records of Garbo Company showed merchandise inventory of $111,690. The company determined, however, that its actual inventory on hand was $106,172. Record the necessary adjusting entry.

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