Current Attempt in Progress Bramble Creations had the following account balances at year-end: Cost of Goods Sold 164,390, Inventory 117,730, Operating Expenses 131,320, Sales Revenue t122,250, Sales Discounts t1,390, and Sales Returns and Allowances 12.100. A physical count of inventory determines that merchandise inventory on hand is 112,680. Prepare the adjusting entry necessary as a result of the physical count. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Prepare closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation (To close accounts with credit balances) Debit Credit