The trial balance of a merchandiser is as follows.A physical count of inventory at the end of the accounting year reveals $28,000 of inventory on hand.(Assume a perpetual inventory system)
Give journal entry to record the inventory shrinkage.

Question

The trial balance of a merchandiser is as follows.A physical count of inventory at the end of the accounting year reveals $28,000 of inventory on hand.(Assume a perpetual inventory system)
  Give journal entry to record the inventory shrinkage.

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The Answer of The trial balance of a merchandiser is as follows.A physical count of inventory at the end of the accounting year reveals $28,000 of inventory on hand.(Assume a perpetual inventory system)
  Give journal entry to record the inventory shrinkage.

The Trial Balance of a Merchandiser Is as Follows