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Journal entry worksheet ivote: tnter debits before credits. At the beginning of the year, Snaplt...

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Journal entry worksheet ivote: tnter debits before credits. At the beginning of the year, Snaplt had $10,000 of inventory. During the year, Snaplt purchased $35,000 of merchandise and sold $30,000 of merchandise. A physical count of inventory at year-end shows $14,000 of inventory exists. Prepare the entry to record inventory shrinkage

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