14) Gift Shops Unlimited's unadjusted Merchandise Inventory at December 31, 2019 was $7,600. The cost associated with the physical count of inventory on hand on December 31, 2019 was $7,350. In addition, Gift Shops Unlimited estimated approximately $800 of merchandise sold on account will be returned with a cost of $450. Assume a perpetual inventory system is used. Requirements: 1. Journalize the adjustment for inventory shrinkage. Omit explanation. 2. Journalize the adjustment for estimated sales returns. Omit explanation.