Sohar clothing company has an Inventory of RO 53,000 and RO 88,000 of Cost of goods sold in its unadjusted trial balance during the year 2017. The physical inventory count came to RO 58,000. What is the adjusting journal entry to be used to record the above?

a.

Cost of goods sold RO 5,000 Dr / Merchandise inventory RO 5,000 Cr

b.

Merchandise inventory RO 58,000 Dr/ Cost of goods sold RO 58,000 Cr

c.

Cost of goods sold RO 53,000 Dr / Merchandise inventory RO 53,000 Cr

d.

Merchandise inventory RO 5,000 Dr/ Cost of goods sold RO 5,000 Cr