If the inventory shows an actual count of $370 and the perpetual inventory according to the records shows $420, the adjusting entry for the $50 would: O A. debit Inventory, credit Cost of Goods Sold OB. debit Inventory, credit Purchase Returns and Allowances OC. debit Cost of Goods Sold;credit Inventory OD. debit Cost of Goods Sold; credit Purchase Returns and Allowances