Multiple Choice
The adjusting entry to account for normal inventory shrinkage involves
A) a debit to Inventory and a credit to Cost of Goods Sold
B) a debit to Cost of Goods Sold and a credit to Inventory
C) a debit to Inventory Shrinkage and a credit to Inventory
D) a debit to Inventory and a credit to Inventory Shrinkage
Correct Answer:
Verified
Correct Answer:
Verified
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