Emerson St Book Shop's uradjusted Merchandise inventory June 30, 2018 was $5.200. The colocated with the physical count of inventory on hand on June 30, 2018, was 4.500. In addition, Emerson Sl. Book Shops approximately $1,000 of merchandise sold will be returned with a cost of $400 Requirements 1. Joumal the adjustment for inventory shrinkage 2 Joumalize the adjustment for estimated sales returns Requirement 1. Joumaize the adjustment for inventory stage Record debts fast, the credits Exclude explanations from ouma ties) Date Accounts Requirement 2. Joumaczone aument for estimated sales returns. Recorde r , then credits Exclude explorations from Journal First journals the estimated refunds. We will record the impact to invertory in the following step Debit Now jutralize the cost of the estimated returns Date Accounts Doba Creda Choose from any lator enterary number in the rout folds and then continue to the next Question Emerson St. Book Shop's unadjusted Merchandise Inventory at June 30, 2018 was $5,200. The cost associated with the physical approximately $1,000 of merchandise sold will be returned with a cost of $400. Requirements 1. Journalize the adjustment for inventory shrinkage. 2. Journalize the adjustment for estimated sales returns Requirement 2. Journalize the adjustment for estimated sales returns. (Record debits first, then credits. Exclude explanations from First journalize the estimated refunds. We will record the impact to inventory in the following step. Date Accounts Debit Credit Jun 30 Now journalize the cost of the estimated returns Date Accounts Debit Credit Jun 30 Choose from any list or enter any number in the input fields and then continue to the next