The Merchandise Inventory account balance is $52,000. A physical count of inventory reveals that the actual inventory balance is $41,000. Which of the following would be included in the adjusting entry? (Assume a perpetual inventory system.)
A) a $41,000 credit to Merchandise Inventory
B) a $52,000 debit to Cost of Goods Sold
C) a $11,000 credit to Cost of Goods Sold
D) a $11,000 credit to Merchandise Inventory
D) a $11,000 credit to Merchandise Inventory
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