Current Attempt in Progress

On January $13,2025,$ Cullumber Corporation discovered that goods in transit of $$113,025$ with terms FOB shipping point were not

included in the inventory count at the December $31,2023$ year$-$end. The goods were shipped on December $29,2023$ and received by

Cullumber on January $10,2024.$

Prepare any correcting journal entry required, assuming Cullumber uses a periodic inventory system, the books are closed for $2024$

and ignore any income tax effects. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no

entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List debit entry before credit entry.$)$