For the period ending December 31 of the current year, XYZ Inc. calculated an ending Account Balance of Inventory in the amount of $160,000. A Physical count of the merchandise inventory on hand was $159,000. As a result XYZ Inc. would On the Asset side of the Balance Sheet, XYZ Inc.
would _____ the account
______ by
_______
On the Liabilities / Shareholder Equity side of the
Balance Sheet, XYZ Inc. would
_____ the account
______ by
_______