Assume that at the end of November, the company counted its inventory. There are 89 units on hand. What journal entry, if any, should the company make to record the shortage?

Account Titles and Explanation	Debit	Credit
cost of goods sold
merchandise inventory

92-89 * what ?

please explain

Solution Assistance Used Cost of Goods Sold Units Cost Total Balance Units Cost Total Purchases Date Units Cost Total Nov. 1 Beginning inventory 65 $48 $3,120 9 110 45 4.950 65 65 110 $48 48 45 $3,120 3,120 4,950 8,070 15 65 55 $48 45 $3,120 2,475 5,595 55 45 2,475 22 145 436,235 45 2,475 436,235 8.710 55 95 45 43 2,475 4,085 50 43 2,150 6,560 30 42 40 1,680 50 42 43 40 2.150 1,680 3,830 $3,830 Total 362 $15,985 270 $12,155 Check: Cost Cost of goods available for sale $15,985 Less: cost of goods sold 12,155 Ending inventory $3,830 Units 362 270 92 Synced to Gradebook Sun. Mar 1, 2020.6:41:40 PM (America/Vancouver -08:00) Question 9 3.65/5 View Policies Show Attempt History Current Attempt in Progress You are given the following information for Sheridan Company for the month ended November 30, 2021: Price Date Description Nov. 1 Beginning inventory 9 Purchase 15 Sale 22 Purchase 29 Sale 30 Purchase Unit Units 65 $48 110 45 (120) 145 (150) 4240 Sheridan Company uses a perpetual inventory system. All sales and purchases are on account