Question 13 1 pts Zenith Company's Merchandise Inventory account at year-end has a balance of $91,820, but a physical count reveals that only $90,450 of inventory exists. The adjusting entry to record this $1,370 of inventory shrinkage is: Account Title Debit Credit Merchandise Inventory 1,370 Inventory Shrinkage Expense 1.370 O Account Title Debit Credit Purchases Discounts 1,370 Cost of Goods Sold 1,370 o Account Title Debit Credit Cost of Goods Sold 1,370 Merchandise Inventory 1,370 Account Title Debit Credit Inventory Shrinkage Expense 1,370 Cost of Goods Sold 1.370 Account Title Debit Credit Cost of Goods Sold 90.450 Merchandise Inventory 90,450 D Question 12 1 pts Operating expenses are separated into two sections: non-operating expenses and cost of goods sold. O true false