SamanthaCrumbley 1 0 Acc 100 aleks wk 6 perpetual inventory Cox comp. Uses perpetual inventory system. On may 31. Merchandise inventory had a balance of 70700. Based on a physical count by auditors on same day merchandise inventory should be 70450. Prepare the necessary adjusting entry to update merchandise inventory. ... Pending Other / Other 19 Jun 2020 Expiry Date: 18 Jun 2020