At December 31, the perpetual Inventory records of JM Company showed merchandise inventory of $4,500. The company determined, however, that its actual inventory on hand was $4,300. The adjusting entry required on December 31, includes Select one: a. A credit to Merchandise Inventory of $4,500 b. None of the above. c. Adebit to Cost of Goods Sold of $4,300 d. A debit to Cost of Goods Sold of $200 e. A debit to Merchandise Inventory of $200