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Business, 01.10.2019 06:00 billgray2571

The inventory records of global company indicate that $76,800 of merchandise should be on hand at the end of the month. the physical inventory indicates that $74,900 is actually on hand. the journal entry to adjust for inventory shrinkage will include a. a debit to inventory for $1,900. b. a debit to cost of goods sold for $1,900. c. a debit to inventory for $74,900. d. none of these choices are correct, since no entry is needed.

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