Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 13

Bruing Company's inventory is subject to shrinkage via evaporation.t the end of the current financial reporting period, the company's inventory had a cost of $100,000.anagement estimates that evaporation has resulted in a 6 percent inventory loss.ssuming that loss is recorded in a separate inventory loss account, prepare the general journal entry to record the inventory shrinkage for the year.