Chapter 10 Problem 10-30 LO 10-12, 10-15 You are engaged to audit the Ferick Corporation for the year ended December 31, 2021. Only merchandse shipped by the Fortick. Corporation to customets up to and including December 30, 2021, has been eliminated from inventory. The inventory as determined by physical inventory count has been recorded on the books by the compary's controllec. No perpetual inventory records are maintsined. All cales are made on an FOB-shipping point basis. You are to assume that all purchase invoices have been correctly recorded: The following lists of sales invoices are entered in the sales journal for the months of December 2021 and January 2022, respoctively. Required: You are to ensure that there is proper cutoff of sales and invertory for items a through hi above. If an item is not properly recorded. prepare the nocossary odjusting entries: Note: if no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Required: You are to ensure that there is proper cutoff of sales and inventory for items a through h above. If an item is not properly recorded. prepare the necessary ad usting entries. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Record the adjusting entry for goods shipped on December 31 ,included in the physical inventory at the end of last fiscal year. Record the sale of merchandise for sales invoice dated December 31, 2021, wherein the goods were shipped on December 13, 2021. Record the sale of merchandise on December 29, 2021, wherein goods will be shipped on December 30, 2021. 4 Record the reversal of sale for sales invoice dated December 31,2021 , wherein goods will be shipped on January 9, 2021. 5 Record the shipment of merchandise to the consignee. 6 Record the sale of merchandise for sales invoice dated December 31,2022 , wherein the goods will be shipped Record the sale of merchandise for sales invoice dated January 3, 2022, wherein the goods will be shipped on December 31, 2022. 8 Record the sale of merchandise for sales invoice dated January 3, 2022 goods being shipped on December 31, 2022