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Business, 26.03.2020 19:09 Zaydblackwood06
Paragon Tire Co.’s perpetual inventory records indicate that $2,780,000 of merchandise should be on hand on March 31, 2019. The physical inventory indicates that $2,734,800 of merchandise is actually on hand. Journalize the adjusting entry for the inventory shrinkage for Paragon Tire Co. for the year ended March 31, 2019. Refer to the Chart of Accounts for exact wording of account titles.
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Paragon Tire Co.’s perpetual inventory records indicate that $2,780,000 of merchandise should be on...
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