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Anderson St Book Shop's unadjusted Merchandise Inventory at June 30, 2024 was 56,400. The cost associated with the physical count of inventory on hand on

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Anderson St Book Shop's unadjusted Merchandise Inventory at June 30, 2024 was 56,400. The cost associated with the physical count of inventory on hand on June 30, 2024, was $5,900. In addition, Anderson St. Book Shop estimated approximately $1,500 of merchandise sold will be returned with a cost of $1,000 Requirements 1. Journalize the adjustment for inventory shrinkago. 2. Joumalize the adjustment for estimated sales returns Requirement 1. Journalize the adjustment for inventory shrinkage. (Record debits first, then credits. Exclude explanations from ournal entries.) Date Accounts Debit Credit Jun 30

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