At year$-$end, the perpetual inventory records of Crane Company showed merchandise inventory of $$105,290.$ The company determined, however, that its actual inventory on hand was $$102,170.$

Record the necessary adjusting entry. $($List debit entry before credit entry. Credit account titles are automatically indented when the is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit