Anderson St. Book Shop's unadjusted Merchandise Inventory at June 30, 2018 was $5,600. The cost associated with the physical count of inventory on hand on June 30, 2018, was $5,150. In addition, Anderson St. Book Shop estimated approximately $800 of merchandise sold will be returned with a cost of $400. Requirements 1. Journalize the adjustment for inventory shrinkage. 2. Journalize the adjustment for estimated sales returns. Requirement 1. Journalize the adjustment for inventory shrinkage. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Jun. 30 Requirement 2. Journalize the adjustment for estimated sales returns. (Record debits first, then credits. Exclude explanations from journal entries.) First journalize the estimated refunds. We will record the impact to inventory in the following step. Date Accounts Debit Credit Jun. 30 Now journalize the cost of the estimated returns. Date Accounts Debit Credit Jun. 30 Date Accounts Del Jun. 30 (Record ntory in t Del Accounts Payable Accounts Receivable Cash Requirement 2. Cost of Goods Sold entries.) Delivery Expense First journalize th Estimated Returns Inventory Freight In Date Merchandise Inventory Jun. 30 Purchase Discounts Purchase Returns and Allowances Purchases Refunds Payable Sales Discounts Forfeited Now journalize th Sales Revenue Date Unearned Revenue Del