You are engaged to perform an audit of the Wilcox Corp. for the year ended December \(31,19 X 0\).

Only merchandise shipped by the Wilcox Corporation to customers up to and including December 30, 19X0 has been eliminated from inventory. The inventory as determined by physical inventory count has been recorded on the books by the company's controller. No perpetual inventory records are maintained. All sales are made on an F.O.B. shipping point basis. You are to assume that all purchase invoices have been correctly recorded.

The following lists of sales invoices are entered in the sales journal for the months of December 19X0 and January 19X1, respectively.

Required:
Record necessary adjusting journal entries at December 31, in connection with the foregoing data.

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Sales Invoice Sales Invoice Amount Date Cost of Merchandise Sold Date Shipped December a. $ 3,000 Dec. 21 $2.000 Dec. 31 b. 2,000 Dec. 31 800 Nov. 3 C. 1,000 Dec. 29 600 Dec. 30 d. 4,000 Dec. 31 2,400 Jan. 3 e. 10,000 Dec. 30 5,600 Dec. 29 (shipped to consignee) January f. $ 6,000 Dec. 31 $4,000 Dec. 30 g. 4,000 Jan. 2 2,300 Jan. 2 h. 8,000 Jan. 3 5,500 Dec. 31