Exercise 5-7 Juan Morales Company had the following account balances at year-end: Cost of Goods Sold $60,000; Inventory $15,000; Operating Expenses $29,000; Sales Revenue $115,000; Sales Discounts $1,200; and Sales Returns and Allowances $1,700. A physical count of inventory determines that merchandise inventory on hand is $13,900. Prepare the adjusting entry necessary as a result of the physical count. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare dosing entries. (Credit account titles are automatically indented when amount is entered. Do not indent amounts.) manually. If no entry is required, select "No Entry for the account titles and enter o for the Account Titles and Explanation Debit Credit (To close accounts with credit balances) To ciose accounts with debit balances) (To close net income / (loss)) Click if you would like to Show Work for this question:9Rn Show Work SHOW LIST OF ACCOUNTS LINK TO TEX