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Paragon Tire Cos perpetual inventory records indicate that 2780000 of merchandise should be on hand on March 312019 The physical inventory indicates that 2734800 of merchandise is actually

Paragon Tire Co.'s perpetual inventory records indicate that $2,780,000 of merchandise should be on hand on March 31, 2019. The physical inventory indicates that $2,734,800 of merchandise is actually on hand. Journalize the adjusting entry for the inventory shrinkage for Paragon Tire Co. for the year ended March 31, 2019.
 
 

Apr 14 2021 View more View Less

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