Q4

Need this done asap please. Thanks in advance!

Adjusting entries Hahn Flooring Company uses a perpetual inventory system. Journalize the December 31 adjusting entries based upon the following: a. The inventory account has a balance of $1,334,900, while physical inventory indicates that $1,300,500 of merchandise is on hand. Assume any shrinkage is a normal amount. If an amount box does not require an entry, leave it blank. Dec. 31 b. Sales returns of $189,900 and merchandise returns of $61,760 are estimated for the current year's sales. If an amount box does not require an entry, leave it blank. Dec. 31