-takeainprog X eBook Show Me How Calculator Adjusting entries Hahn Flooring Company uses a perpetual inventory system. Journalize the December 31 adjusting entries based upon the following: a. Sales returns of $125,000 and toerchandise returns of $80,000 are estimated for the current year's sales. Dec. 31 b. The inventory account has a balance of $1,333,150, while physical inventory indicates that $1,309,900 of merchandise is on hand. Assum shrinkage is a normal amount. Dec. 31 319 F 10/20/2