Magnum St. Book Shop's unadjusted Merchandise Inventory at June 30, 2024 was $6,200. The cost associated with the physical count of inventory on hand on June 30, 2024, was $6,100. In addition, Magnum St. Book Shop estimated approximately $1,400 of merchandise sold will be returned with a cost of $750. Requirements 1. Journalize the adjustment for inventory shrinkage. 2. Journalize the adjustment for estimated sales returns. Requirement 1. Journalize the adjustment for inventory shrinkage. (Record debits first, then credits. Exclude explanations from journal entries.) Date Accounts Debit Credit Jun. 30 0