The Merchandise Inventory account of a company shows a balance of $50,000 but a physical count of inventory shows $48,000. Which of the following entries is required to record the shrinkage (Assume a perpetual inventory system) A) Cost of Goods Sold B) Shrinkage Expense Merchandise Inventory D) Cash Cost of Goods Sold 9 Cost of Goods Sold Merchandise Inventory Merchandise Inventory O Item A O Item B Item C Item D 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000

The Merchandise Inventory account of a company shows a balance of $50,000 but a physical count of inventory shows $48,000. Which of the following entries is required to record the shrinkagr (Assume a perpetual inventory system) Item A Item B itemC Item D