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Business, 08.10.2019 04:30 reynamarie3

Magnum st. book shop's unadjusted merchandise inventory at june 30, 2018 was $ 4 comma 600. the cost associated with the physical count of inventory on hand on june 30, 2018, was $ 4 comma 500. in addition, magnum st. book shop estimated approximately $ 500 of merchandise sold will be returned with a cost of $ 50. requirements 1. journalize the adjustment for inventory shrinkage. 2. journalize the adjustment for estimated sales returns.

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