Question: How do I journalize using the perpetual inventory system? The merchandise Inventory starting balance was $624,400. I need to make an adjustment. The adjustment is:

How do I journalize using the perpetual inventory system? The merchandise Inventory starting balance was $624,400. I need to make an adjustment. The adjustment is:

Merchandise inventory on May 31, $570,000

Do I no journalize this because it is the perpetual inventory system?

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