Magnum St. Book Shop's accounts at June 30, 2025, included the following unadjusted balances View the unadjusted balances. The cost associated with the physical count of inventory on hand on June 30, 2025, was $5,800 Requirements 1. Journalize the adjustment for inventory shrinkage. 2. Compute the gross profit. Requirement 1. Journalize the adjustment for inventory shrinkage. (Record debits first, then credits Exclude explanations from journal entries) Date Accounts Debit Jun 30 Credit ... 4 Unadjusted Balances Merchandise Inventory Cost of Goods Sold Sales Revenue Sales Discounts Sales Returns and Allowances Print S Done - X 6,900 33,600 72,000 -700 2,600

Magnum St. Book Shop's accounts at June 30,2025 , included tho following unadjusted balances: Vieve the unadusted balances. The cost associated with the physical count of inventory on hand on June 30,2025 , was $5,600 Requirements 1. Jecimalove the adjustment for inventory shrinkage- 2 Compute the gross prott