Adjusting entry for inventory shrinkage Instructions Chart of Accounts Journal Instructions Omega Tire Co.'s perpetual inventory records indicate that $3,145,000 of merchandise should be on hand on August 31, 2014. The physical inventory indicates that $3,113,500 of merchandise is actually on hand. Journaize the adjusting entry for the inventory.Ishrinkage tor Omega Tire Co, for the local your ended August 31. Refer to the Chart of Accounts for exact wording of account titles shrinkage Instructions Chart of Accounts Journal Instructions Journal Journalize the adjusting entry for the inventory shrinkage for Omoga Tire Co. for the fiscal your ended August 31. Refer to the Chart of Accounts for exact won titles ACCOUNTING EQ: JOURNAL ASSETS CREDIT LIABILITIES POST. RET DEBIT DATE DESCRIPTION Adjusting Entries 1 2 3 Journal Chart of Accounts REVENUE ASSETS 410 Sales 610 Interest Revenue 110 Cash 120 Accounts Receivable 125 Notes Receivable 130 Inventory 131 Estimated Returns Inventory 140 Office Supplies 141 Store Supplies 142 Prepaid Insurance 180 Land 192 Store Equipment 193 Accumulated Depreciation-Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment EXPENSES 510 Cost of Goods Sold 521 Delivery Expense 522 Advertising Expense 524 Depreciation Expense-Store Equipment 525 Depreciation Expense-Office Equipment 526 Salekies Expense 531 Rent Expense 533 Insurance Expense 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expense LIABILITIES ULU Juin Lapors urnal art of Accounts 194 Ore Equipment 193 Accumulated Depreciation-Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment 531 Rent Expense 533 Insurance Expense 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 218 Salaries Payable 219 Customer Refunds Payable 221 Notes Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends