Adjusting entries Hahn Flooring Company vees a perpetual inventory system. Joumalan the December 31 adjusting entries based upon the following a. The inventory account has a balance of $1,336,100, while physical inventory indicates that $1,301,000 of merchandise is on hand. Assume any shrinkage is a cormal amount. If an amount box Dec 31 b. Sales returns of $226,190 and merchandise retum of $09,090 are estimated for the ment year's sales. If an amount bec does not require an entry, leave it blank Dec. 31 quire an entry, leak