Frisbee Hardware uses a perpetual inventory system. At year-end, the Inventory account has a balance of $250,000, but a physical count shows that the merchandise on hand has a cost of only $246.000. 306892?) kboard- a. Explain the probable reason(s) for this discrepaney. b. Prepare the journal entry required in this situation. e9l1WJne n=eu-cen sponse-c c. Indicate all the accounting records to which your journal entry in part b should be posted.