Am I correct in my adjustment of the below?

My answer for 7

7	inventory expense Dr	80 000		104 000 - 24 000 (on hand) so need to reduce the consumables on hand by 80 000
	to inventories consumables Cr		80 000	to expense the portion you have not expensed in the year

QUESTION:

General journal entries for additional information 1 to 7.

7. Consumable material on hand at 31 December 2020 is R24 000.

List of balances at 31 December 2020 Debits - R Credits - R 660 000 Capital: D Song Drawings Land and buildings at cost 160 000 582 000 Vehicle at cost 224 000 46 000 Accumulated depreciation: Vehicle (1 January 2020) Bank 360 000 Inventories: Consumables 104 000 Trade receivables 261 200 Allowance for credit losses 13 060 320 000 10% Long term loan Trade payables Fees earned 260 000 1 036 600 Rent expense 160 000 10 708 Telephone Other distribution expenses 454 752 Interest on long term loan 19 000 2 335 660 2 335 660