Helena St$.$ Book Shop's accounts at June $30,2025,$ included the following unadjusted balances:

View the unadjusted balances.

The cost associated with the physical count of inventory on hand on June $30,2025,$ was $$5,900.$

Requirements

Journalize the adjustment for inventory shrinkage.

Compute the gross profit.

Requirement $1.$ Journalize the adjustment for inventory shrinkage. $($Record debits first, then credits. Exclude explanations from journal entries.$)$