Hahn Flooring Company uses a perpetual inventory system. Journalize the December 31 adjusting entries based upon the following: a. The inventory account has a balance of $1,336,700, while physical inventory indicates that $1,300,300 of merchandise is on hand. Assume any shrinkage is a normal amount. If an am Dec. 31 18 b. Sales refunds and allowances of $146,210 and merchandise returns of $64,910 are estimated for the current year's sales. If an amourit box does not require an entry, leave it blank Dec. 31

Wahs Fooring Company uses a perpetual inventory syitem, Journalue the December 31 adjuatiog entries based upon the following