..Il Freedom 26% 4 12:55 AM eunice (lolo) a 17/04/20, 12:50 AM All Media P u ting Principles, Seventh Canadian Edition, Volume 1 Presented below is information related to Pharoah Company owned by D. Flamont, for the month of ary 2017 $12,400 Ending Inventory per perpetual records $22,700 Insurance expense Ending wwentory actually on hand 17,100 Rant expense Cost of goods sold 210,000 Sal expense Freight out 5.700 Sales discounts Sales returns and allowances 54,400 12,700 360.000 Prepare the necessary adjusting entry for inventory. (Credit accounts are automatically indien no entry is required, sect"No Entry for the accounts and enter for the amounts) Date Account Tities and Explanation 31 threw any cash during the me not required lect o r the amount entered not indenf many