ALLIR11001 Homework: Ch 5 #3 Score: 0 of 1 pt 1 of 4 (0 complete EF5-25 (book/static) Emerson St Book Shop's unadjusted Merchandise Inventory at June 30, 2024 was 55.200 The cost associated with the physical count of inventory on hand on June 30, 2024, was $4,000. In addition, merchandise sold will be returned with a cost of $400 Requirements 1. Jourmalce the adjustment for Inventory shrinkage 2. Journalbe the adjustment for estimated sales returi Requirement 1. Joumate the adjustment for inventory shrinkage. (Record debits first, then credits Exclude explanations from ournal entries) Date Accounts Debit Credit Jun 30
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