Given the following, journalize the adjusting entry for Merchandise Inventory. Note that physical count of inventory showed a balance of $ 59 comma 500. View the T accounts.LOADING... Part 2 (Assume a perpetual inventory system. Record debits first, then credits. Exclude explanations from journal entries.) Question content area bottom Part 1 Date Account Titles Debit Credit Help me solve thisCalculatorAsk my instructor pop-up content starts T accounts Merchandise Inventory 114 Cost of Goods Sold 513 40,000