Prepare the adjusting entries . The adjusting entries should be recorded in the General Journal and posted to the respective accounts in the General Ledger . 2 . Merchandise Inventory : a physical inventory count was taken which resulted in 1 more* H 241 1 - HP SCAN - JET 5300 than in the perpetual inventory records . Record and post journal entry to add this item to the Merchandise Inventory account and to the Subsidiary Ledger account