Journalize the following transactions and answer the question. thank you!

CHART OF ACCOUNTS 100 Assets 400 Revenues 101 Cash 401 Sales 102 Accounts Receivable 402 Sales Return and Allowances 103 Allowance for Doubtful Accounts 104 Merchandise Inventory 500 Expenses 105 Prepaid Rent 501 Cost of Goods Sold 106 Store Supplies 502 Utilities Expense 107 Store Furniture 503 Salaries Expense 108 Accum. Depreciation - Store Furniture 504 Rent Expense 505 Freight out 200 Liabilities 506 Taxes and Licenses Expense 201 Accounts Payable 507 Store Supplies Expense 202 Salaries Payable 508 Depreciation Expense - Store Furniture 203 Unearned sales 509 Doubtful Accounts Expense 510 Miscellaneous Expense 300 Equity 511 Inventory Shortage 301 Ken Austria, Capital 512 Income Summary . Instruction: Journalize the following transactions using perpetual inventory system. To determine the cost of goods sold in each sales transaction, the gross profit is 40% based on sales (Sales Amount times 1.4) After journalizing, answer this analysis Question: Is there missing inventory? Justify your answer by giving proof such as computation November 01 November 8 November 18 The business bought 85,000 worth of office supplies with the intention to sell them at a higher price, terms: n/60. The company paid 1000 for the shipping fee. Michaela, a part time employee, was able to sell some of the store's merchandise to Mr. Daniel for 18,000 on terms 50% down payment, balance 2/10, n/30. The business sold to Mrs. Cooper merchandise for 10,000 terms on 2/10, n/30. Mr. Jonas paid the business P50,000 for merchandise bought. Mr. Jonas already paid the all the merchandise in full, however, he requested that 20,000 of the merchandise be delivered to her new business address sometime in December. Merchandise inventory as of November 30 is 18,500 based on physical count. This excludes the amount of inventory to be delivered to Mr. Jonas in December November 22 November 30