Concho Corporation uses a perpetual inventory system and has already adjusted inventory to actual. In testing sales cutoff as 12/31/X4, you find the following situation. Prepare any necessary adjusting journal entries. (Concho sells all goods f.o.b. the Concho plant.)

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Dates entered in Sales inv. No. Amount sales journal Date shipped Cost of sales 9781 430 12/31/X4 12/27/X4 $ 300 9782 700 12/31/X4 12/31/X4 390 9783 1,080 12/31/X4 1/2/X5 580 9784 1,400 12/31/X4 12/28/X4 810 9785 650 12/31/X4 12/30/X4 300 9786 1,010 1/2/X5 12/30/X4 500 9787 1,100 1/2/X5 1/7/X5 630 9788 320 1/2/X5 1/2/X5 170 9789 590 1/2/X5 12/31/X4 275 9790 1,500 1/2/X5 1/3/X5 1,100