Paragon Tire Co's perpetual inventory records indicate that $2,725,100 of merchandise should be on hand on March 31, 2079. The physical inventory indicates that $2,669, 400 of merchandise is actually on hand Joumalize the adjusting entry for the inventory shrinkage for Paragon Tire Co for the year ended March 31, 2049. Refer to the chart of accounts for the exact wording of the account titles. CNOW Journais do not use lines for journal explanations. Every ine on a journal page is used for dobil or credit evtries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Joumalize the adjusting entry for the inventory shrinkage for Paragon Tire Co. for the year ended March 31, 2049. Peter to the Chart of Accounts for exact wording of account bles. PAGE 10 JOURNAL ACCOUNTING EQUATION DATE POST RET DESCRIPTION Adjusting Entries DEBIT CREDIT ASSETS LIABILITIES EQUITY