Instructions Hahn Flooring Company uses a perpetualinventory system A. Sales retums of $125,000 and merchandise returns of $80,000 are estimated for the current years sales. B. The inventory account has a balance of $1,333,150, while physicalinventory indicates that $1,309,900 of merchandise is on hand Journalize the December 31 adjusting entries based on the above transactions. Assume that the inventory shrinkage is a normal amount. Refer to the Chart of Accounts for exact wording of account titles