Suppose Greg's Groovy Tunes' Inventory account showed a balance of \($10,000\) before the year-end adjustments. The physical count of goods on hand totaled \($9,700\). To adjust the accounts, Greg Moore would make the following entry:

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a. Accounts payable....... Inventory 300 300 b. Cost of goods sold......... Inventory.... 300 300 C. Inventory......... 300 Cost of goods sold. 300 d. Inventory... 300 Accounts receivable......... _ 300