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Name: The entry to record inventory shrinkage under a perpetual inventory s
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Description: The entry to record inventory shrinkage under a perpetual inventory system would include a debit to:A) Inventory.B) Inventory Shrinkage Expense.(C) Cost of Merchandise Sold.Sales.

Business

Accounting

The entry to record inventory shrinkage under a perpetual inventory system would include a debit to: A Inventory. Inventory Shrinkage Expense. Cost of Merchandise Sold. Sales.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter14: Adjustments For A Merchandising Business

Section: Chapter Questions

Problem 2TF: Under the periodic inventory system, the ending inventory is entered by debiting Merchandise...

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