Inventory Shrinkage Silver Springs Company, determined through a physical count, that it had $22,500 of merchandise inventory on hand at the end of the accounting period. The balance in the inventory account was $24,000. Balance Sheet Income Statement Cash Flow Event Assets = Liabilitys + Equity Rev Exp = NI Cash Flow Cash Inventory Accounts Ret Payable Earn Balance 10,000 24,000 20,000 14,000 Adj. End Bal. 30s 2:31 / 2:32 1x CCAccount Titles Debit Credit until Inventory 700 CO inv Cost of Goods Sold 700 wi ventory shrinkage?