Through a physical count, Baha company determines that its actual inventory on December 31, 2018 is $103,200 when its unadjusted balance of inventory is $104,000. The necessary adjusting entry on December 31, 2018 will be; of Select one: Debit Cost of Goods Sold $104,000; Credit Merchandise Inventory for $104,000. Debit Income Summary $800; Credit Merchandise Inventory for $800. Debit Merchandise Inventory for $800; Credit Cost of Goods Sold $800;. Debit Cost of Goods Sold $800; Credit Merchandise Inventory for $800