Noveity Furnishings. Compary's perpetual imventory records indicate that $755,000 of merchandise should be on hand on November 30,201. The phyrical inventory indicates that $742,000 of merchandise is actuatly on fiand Joumalize the adjustung entry for the invenfory shrinkage for Noveliy Furnishings Company for the year ended November 30,20 , 1 , Assume that the imventory shnnkage is a nomal amount. Refer to the chart of accounts for the exact wording of the account fitles. CNow journals do not use lines for joumal axplanations: Every ine on a joumal pape is used for debit or credit entries. CNOWjoumals will automabically indent a credit entry when a credit amount is entered thour does grorfins work