Triangle companys perpetual inventory records indicate that


Triangle Company's perpetual inventory records indicate that $111,500 of merchandise should be on hand on September 30, 2008. The physical inventory indicates that $107,400 of merchandise is actually on hand. Journalize the adjusting entry for the inventory shrinkage for Triangle Company for the year ended September 30, 2008.

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Financial Accounting: Triangle companys perpetual inventory records indicate that
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