1. the merchandise inventory account of a company shows a balance of 50,000 but a physical count of inventory shows 48,000. which of the following entries is required to record the shrinkage? a) cost of goods sold 2,000 merchandise inventory 2,000 b) cost of goods sold 2,000 shrinkage expense 2,000 c) cash 2,000 merchandise inventory 2,000 d) merchandise inventory 2,000 cash 2,000