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Hahn Flooring Company s perpetual inventory records indicate that 1333150 of merchandise should be on hand on December 31 2019 The physical inventory indicates that 1309900 of merchandise

Hahn Flooring Company's perpetual inventory records indicate that $1,333,150 of merchandise should be on hand on December 31, 2019. The physical inventory indicates that $1,309,900 of merchandise is actually on hand. Journalize the adjusting entry for the inventory shrinkage for Hahn Flooring Company for the year ended December 31, 2019. Assume that the inventory shrinkage is a normal amount.

Apr 14 2021 View more View Less

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