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Allison Company uses the perpetual method. The company's inventory account had a $5,500 balance as...

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Accounting

Allison Company uses the perpetual method. The company's inventory account had a $5,500 balance as of December 31, 2018. A physical count of inventory shows only $5,300 of merchandise in stock at December 31, 2018. Then entry to recognize the missing inventory will

increase assets

increase expenses

increase equity

decrease liabilities

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