Inventory Shrinkage

House of Clean Company's perpetual inventory records indicate that $$187,800$ of merchandise should be on hand on October $30,20$Y$1.$ The physical inventory indicates that $$167,140$ of merchandise is actually on hand.

Journalize the adjusting entry for the inventory shrinkage for House of Clean Company for the year ended October $30,20$Y$1.$ Assume that the inventory shrinkage is a normal amount. If an amount box does not require an entry, leave it blank.Oct. $30$