Frisco Company Inc.'s Merchandise Inventory account at the end of year 2015 has a balance of $62.115, but a physical count reveals that only $61.900 of inventory exists. The adjusting entry to record this $215 of inventory shrinkage is: A company has net sales of $752,000 and cost of goods sold of $543,000. Its net income is $17,530. The company's gross margin and operating expenses, respectively, are: $209,000 and $191,470 $191,470 and $209,000 $525,470 and $227,000 $227,000 and $525,470 $734,000 and $191,470. On February 3, Smart Company, Inc. sold merchandise in the amount of $5.800 to Truman Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000 Smart uses the perpetual inventory system. Truman pays the invoice on February 8, and takes the appropriate discount, The journal entry that Smart makes on February 8 is