Richs Furniture uses the perpetual inventory method. At the end of the year, Richs Furnitures Inventory account

Question:

Rich’s Furniture uses the perpetual inventory method. At the end of the year, Rich’s Furniture’s Inventory account had a ledger balance of $83,000. A physical inventory count revealed that the actual inventory on hand totaled $81,000.
Journalize the transaction necessary to adjust the Inventory account at the end of the year.