Current Attempt in Progress

At year end, the perpetual inventory records of Blossom Company showed merchandise inventory of $$97,300.$ The company determined, however, that its actual inventory on hand was $$95,000.$ Record the necessary adjusting entry. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $O$ for the amounts. List debit entnd before credit entry.$)$

Account Titles

Debit

Credit

eTextbook and Media

List of Accounts