Star Rising Inc S Accounting Book Indicated Inventory December 31 2016 78 890 However Phys Q17762652

Star-Rising Inc.’s accounting book indicated the inventory onDecember 31, 2016 is $78,890. However, the physical inventoryperformed on the last day of the year showed $72,150. What journalentry will you do for the inventory shrinkage? Please write thejournal entry below.

Date

Account Name

Debit

Credit

 
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