A company follows the perpetual method of accounting for inventory. At the end of the accounting period, a physical count revealed inventory of $81,400, whereas the inventory records showed the inventory balance at $83,700. The adjusting entry prepared to reconcile the inventory would include: a credit to COGS for $2,300 O a debit to Merchandise Inventory for $81,400 O a debit to COGS for $2,300 a debit to Merchandise Inventory for $2,300