Zenith Company's Merchandise Inventory account at year-end has a balance of $91,820, but a physical count reveals that only $90,450 of inventory exists.
The adjusting entry to record this $1,370 of inventory shrinkage is:

A)
Purchases discounts 1,370
Cost of goods sold 1,370
B)
Cost of goods sold 1,370
Merchandise inventory 1,370
C)
Merchandise inventory 1,370
Inventory shrinkage expense 1,370
D)
Inventory shrinkage expense1,370
Cost of goods sold 1,370
E)
Cost of goods sold 90,450
Merchandise inventory 90,450

B)  Cost of goods sold 1,370

Merchandise inventory 1,370

Explanation:

As the physical count revealed that $1,370 of inventory was missing, it is called inventory shrinkage. Inventory shrinkage can occur when there is a damaged or expired product in the inventory. When the company experience shrinkage, the following journal entries will be required.

Cost of goods sold 1,370

Merchandise inventory 1,370

In that case, inventory decreases and expense (cost of goods sold) increases.

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'

answer; operating revenues;