Adjusting for inventory shrinkage beths furnitures, Accounting Basics

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Adjusting for inventory shrinkage beths furnitures

Question: Adjusting for inventory shrinkage Beth's Furniture's unadjusted Merchandise Inventory account at year-end is $63,000. The physical count of inventory came up with a total of $61,900. Journalize the adjusting entry needed to account for inventory shrinkage.

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Accounting Basics: Adjusting for inventory shrinkage beths furnitures

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Accounting Basics: Adjusting for inventory shrinkage beths furnitures

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