elo Company's ledger on July 31, its fiscal year-end, shows merchandise inventory of $43,800 before accounting for any shrinkage. A ohysical count of its July 31 year-end inventory discloses that the cost of the merchandise inventory still available is $42,050. Prepare the entry to record any inventory shrinkage. Journal entry worksheet Record the adjustment for inventory shrinkage based an physical count. The company uses the perpetual inventory system. Notei Enter debiti before credhs