At December 31, balances in Manufacturing Overhead are Ivanhoe Company-debit $1,240, Oriole Company-credit $1,000. Prepare the adjusting entry for each company at December 31, assuming the adjustment is made to cost of goods sold. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date: Account Titles and Explanation Ivanhoe Company Dec. 31. Oriole Company Dec. 31 Debit Credit