For the original post: Preparing adjusting entries is a critical step in the accounting cycle. You are meeting with the owner of Serena's Surf Shop, a merchandising company that uses a perpetual inventory system. Serena has stated that she does not want to waste the time to perform a physical count of inventory. She said that she knows her inventory account is up to date because her sales information system accurately records each sale. Instructions Based on what you have learned regarding an adjustment that a merchandising company must record, preparea professionally written emall explaining to Serena why she should perform a physical inventory count