23 24 25 Question 23 of 25>>> 4 points Save Answer Company A uses a periodic inventory system. In 2021, the internal auditors of Company A discovered that goods costing $180,000 that were purchased f.o.b. shipping point in December of 2020 were in transit on December 31. The goods were recorded as a purchase in December of 2020 but were not included in the 2020 year-end inventory. What is the journal entry needed in 2021 to correct the error? Inventory Retained Earnings 180,000 Company A record its payment on March 19 if it uses the perpetua andise on March 8, 2021 with credit terms of 4 Accounts Payable Cash 10,500 10,500 Accounts Payable Cash Purchase Discounts Accounts Payable Cash 10,500 10,080 420 10,080 10,080 Accounts Payable 10,500 Cash 10,080 Inventory 420