Inventory Shrinkage Pulmonary Company's perpetual Inventory records indicate that $145,470 of merchandise should be on hand on October 30, 2016. The physical inventory Indicates that $129,470 of merchandise is actually on hand Journalize the adjusting entry for the inventory thrinkage for Pulmonary Company for the year ended October 30, 2019. Assume that the levertory shrinkage is a normal amount