prepare the adjusting entry necessary as a result of the physical count

Ayayai Company had the following account balances at year-end: Cost of Goods Sold \$63,840, Irventory \$14,610, Utilities Experce $30,650. Sales Revenue $121,130, Sales Discounts \$1,130, and Sales Return and Alowances \$1.850. A physical count of inventory determines that merchandise imventory on hand is $13,080. They use the perpetual irventory system. (a) Prepare the adjusting entry necessary as a result of the physical count. (Ust all debit entries before credit entries Credit account tlies are outometically indented when amount is entered Do not indent manuall af no entry is reguined, select "No Entry" for the occount titles and enter 0 for the amounts) Prepare dosingentries, (List all deblt entries before cedit entries Credlit ocoount titles are outomatically indented when amount is entered. Do not indent manually. If no entyy is recuiled, select "No Enty" for the occount tilles and enter Ofor the amounts)