Week 4 Discussion V Available on Monday, June 28, 2021 12:01 AM EDT until Sunday, July 4, 2021 11:59 PM EDT Unlocked: Monday, June 28, 2021 12:01 AM EDT - Sunday, July 4, 2021 11:59 PM EDT. Must post first. Margie Johnson is a staff accountant at ToolEx Company, a manufacturer of tools and equipment. The company is under pressure from investors to increase earnings, and the president of the company expects the accounting department to make this happen." Margie's boss, who has been a mentor to her, is concerned that if earnings do not increase, he will be terminated. Shortly after the end of the fiscal year, the company performs a physical count of the inventory. When Margie compares the physical count to the balance in the inventory account she finds a significant amount of inventory shrinkage. The amount is so large that it will result in a significant drop in carnings this period. Margie's boss asks her not to make the adjusting entry for shrinkage this period. He assures her that they will get caught up on shrinkage in the next period, after the pressure is off to reach this period's earnings goal Margie's boss asks her to do this as a personal favor to him What should Margie do in this situation? Why? You must start a thread before you can read and reply to other threads