The dashboard shows a companys beginning inventory along with its merchandise purchases and merchandise sales...
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Accounting
The dashboard shows a companys beginning inventory along with its merchandise purchases and merchandise sales for the period. beginning of the year: inventory $ During the year: Merchandise Purchases $ During the year: Merchandise sales $ Compute ending inventory at yearend. A physical count of inventory at yearend shows $ of inventory exists. Prepare the journal entry to record inventory shrinkage.
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