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The physical inventory count has been incorrectly counted resulting in the following errors.                        December...

  1. The physical inventory count has been incorrectly counted resulting in the following errors.

                       December 2018     Overstated    $12,000

                        December 2019     Understated 11,600

                       December 2020    Understated 7,500

Entries for 2020 with closed book and have not closed book

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