Suppose Apex Electrical Supply’s Inventory account showed a balance of \($43,000.\) A physical count showed \($41,800\) of goods on hand. To adjust the inventory account, Apex Electrical Supply, Inc., would make the following entry:

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DATE ACCOUNTS POST REF. DR. CR. a. Cost of Goods Sold Inventory 1,200 1,200 b. Accounts Payable 1,200 Inventory 1,200 C. Inventory 1,200 Cost of Goods Sold 1,200 d. Inventory 1,200 Accounts Payable 1,200