RECOMMENDED!!ACG2001 – Rodriguez Company’s perpetual inventory records indicate that $184,650

  

Rodriguez Company’s perpetual inventory records indicate that $184,650 of merchandise should be on hand on October 30, 2019. The physical inventory indicates that $168,030 of merchandise is actually on hand.Journalize the adjusting entry for the inventory shrinkage for Rodriguez Company for the year ended October 30, 2019. Assume that the inventory shrinkage is a normal amount.

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