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How do i record the given entries for an adjusted journal

Problem

How do I record the following entries for an adjusted journal on acct 220

1. Inventory items with a cost of $35,400 were received on the last day of the year but no invoice was received yet.

2. A physical count of inventory shows a value of $219,100. The periodic inventory method is used.

Debit on merchandise inventory, what should be credit?

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Accounting Basics: How do i record the given entries for an adjusted journal

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Accounting Basics: How do i record the given entries for an adjusted journal

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