Business
Business, 02.07.2020 04:01, wwesuplexcity28

Adjusting Entry for Merchandise Inventory Shrinkage Paragon Tire Co.'s perpetual inventory records indicate that $787,690 of merchandise should be on hand on March 31, 2019. The physical inventory indicates that $764,060 of merchandise is actually on hand. Journalize the adjusting entry for the normal inventory shrinkage for Paragon Tire Co. for the year ended March 31, 2019.

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