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. None of the above. b. A credit to Merchandise Inventory of $4,500 C. A debit to Merchandise Inventory of $200 d. A debit to Cost of Goods Sold of $200 e. A debit to Cost of Goods Sold of $4,300