Obj. 4 BE 5-6 Adjusting entries Hahn Flooring Company uses a perpetual inventory system. Journalize the December 31 adjust- ing entries based upon the following A. Sales returns of $125,000 and merchandise returns of $80,000 are estimated for the current year's sales. B. The inventory account has a balance of $1,333,150, while physical inventory indicates that $1,309,900 of SHOW ME HOw merchandise is on hand. Assume any shrinkage is a normal amount