K If the inventory shows an actual count of $150 and the perpetual inventory according to the records shows $133, the adjusting entry for the $17 would: OA. debit Cost of Goods Sold; credit Inventory. OB. debit Inventory; credit Purchase Returns and Allowances. OC. debit Cost of Goods Sold; debit Purchase Returns and Allowances. O D. debit Inventory; credit Cost of Goods Sold