2 Seemore Lens Company (SLC) sells contact lenses FOB destination. For the year ended December 31, the company reported Inventory of $80,000 and Cost of Goods Sold of $440,000. 0.64 points a. Included in Inventory (and Accounts Payable) are $12,000 of lenses SLC is holding on consignment. b. Included in SLC's Inventory balance are $6,000 of office supplies held in SLC's warehouse. c. Excluded from SLC's Inventory balance are $9,000 of lenses in the warehouse, ready to send to customers on January 2. SLC reported these lenses as sold on December 31, at a price of $17,000. d. Included in SLC's Inventory balance are $3,500 of lenses that were damaged in December and will be scrapped in January, with zero realizable value. Required: For each item, (a)-(d), prepare the journal entry to correct the balances presently reported. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) X Answer is not complete. No Transaction General Journal Debit Credit 1 a. 12,000 Accounts Payable Inventory 12,000 2 b. 6,000 Supplies Inventory 6,000 3 C-1. Sales Revenue X 9,000 9,000 4 C-2 X 17,000 Inventory Cost of Goods Sold x 17,000 5 d. 3,500 Cost of Goods Sold Inventory 3,500