Inventory Shrinkage House of Clean Company's perpetual inventory records indicate that $163,530 of merchandise should be on hand on August 30, 2019. The physical inventory indicates that $147,180 of merchandise is actually on hand. Journalize the adjusting entry for the inventory shrinkage for House of Clean Company for the year ended August 30, 2019. Assume that the inventory shrinkage is a normal amount. Accounts Payable Accounts Receivable Cash Cost of Merchandise Sold Merchandise Inventory Purchases Purchases Discounts Purchases Returns and Allowances Sales Sales Discounts Sales Returns and Allowances Previous Net Inventory Shrinkage House of Clean Company's perpetual Inventory records indicate that $163,530 of merchandise should be on hand on August 30, 2016. The physical inventory indicates that $147,180 of merchandise is actually on hand. Journalize the adjusting entry for the inventory shrinkage for House of Clean Company for the year ended August 30, 2019. Assume that the inventory shrinkage is a normal amount. Accounts Payable Accounts Receivable Cash Cost of Merchandise Sold Merchandise Inventory Purchases Purchases Discounts Purchases Returns and Allowances Sales Sales Discounts