A company's ledger shows an Inventory balance of $20,000 and a physical count of the inventory shows $19,000.Please provide the adjusting entry needed to record the shrinkage.
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Question

A company's ledger shows an Inventory balance of $20,000 and a physical count of the inventory shows $19,000.Please provide the adjusting entry needed to record the shrinkage.
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\hline \quad\quad\quad&\quad&\quad \
\hline \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of A company's ledger shows an Inventory balance of $20,000 and a physical count of the inventory shows $19,000.Please provide the adjusting entry needed to record the shrinkage.
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A Company's Ledger Shows an Inventory Balance of $20,000 and a Physical