Zenith Company's Merchandise Inventory account at the end of year 2015 has a balance of $91,820,but a physical count reveals that only $90,450 of inventory exists.The adjusting entry to record this $1,370 of inventory shrinkage is:

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The Answer of Zenith Company's Merchandise Inventory account at the end of year 2015 has a balance of $91,820,but a physical count reveals that only $90,450 of inventory exists.The adjusting entry to record this $1,370 of inventory shrinkage is:

Zenith Company's Merchandise Inventory Account at the End of Year