Current Attempt in Progress In a perpetual system, if the accounting records show an ending inventory balance of $72,000 and a physical count shows a balance of $66,000, it is necessary to O debit Cost of Goods Sold and credit Sales Discounts for $6,000. O debit Sales Discounts and credit Merchandise Inventory for $6,000. O debit Cost of Goods Sold and credit Merchandise Inventory for $6,000. O debit Merchandise Inventory and credit Cost of Goods Sold for $6,000