Nash Company, a manufacturer of small tools, provided the following information from its accounting records for the year ended December 31, 2025. Inventory at December 31, 2025 (based on physical count of goods in Nash's plant, at cost, on December 31, 2025) Accounts payable at December 31, 2025 Net sales (sales less sales returns) Additional information is as follows. 1. 2. 3. 4 $1,572,920 1,305,900 7,996,100 Included in the physical count were tools billed to a customer f.o.b. shipping point on December 31, 2025. These tools had a cost of $31,150 and were billed at $40,150. The shipment was on Nash's loading dock waiting to be picked up by the common carrier. Goods were in transit from a vendor to Nash on December 31, 2025. The invoice cost was $76,150, and the goods were shipped f.o.b. shipping point on December 29, 2025. Work in process inventory costing $30,150 was sent to an outside processor for plating on December 30, 2025. Tools returned by customers and held pending inspection in the returned goods area on December 31, 2025, were not SUPPORT

Nash Company, a manufacturer of small tools, provided the following information from its accounting records for the year ended December 31,2025 Inventory at December 31, 2025 (based on physical count of goods in Nastis plant, at cost, on December 31, 2025) $1,572,920 Accounts prysble st December 31.2025 1,305.900 Net sales (sales less sales returns) 7,996.100 Additional information is as follows. 1. Included in the physical count were tools billed to a customer to b. shipping point on December 31, 2025. These tools had a cost of \$31,150 and were billed at \$40,150. The shipment was on Nx sh's loading dock waiting to be picked up by the common carrier: 2. Goods were in transit from a vendor to Nash on December 31,2025 . The involce cost was $76,150, and the goods were shipped to b shipping point on December 29.2025 3. Work in process imentory costing $30,150 was sent to an outside processor for platine on December 30,2025. 4. Tools returned by customers and held pending inspection in the returned goods area on Decomber 31,2025 , were not included in the physical count. On Janvary 8.2026, the tools costing $32.150 were inspected and returned to inventory. Credit memos totaling $47,150 were issued to the customers on the same date. 5. Tools shipped to a customer to.b, destination on December 26, 2025, were in transit at December 31, 2025, and had a cost of $26,150. Upon notification of receipt by the customer on January 2,2026, Nash issued a sales invoice for $42,150. 6. Goods, whth an invoice cost of $27,150, recelved from a vendor at 5.00pm. on December 31,2025 , were recorded on a recelving report dated January 2, 2026. The goods were not included in the physical count, but the invoice was included in accounts payable at December 31, 2025. 7. Goods recelved froma vendor on December 26, 2025, were included in the physical count. However, the related $56,150 vendor invoice was not included in accounts payable at December 31,2025 , because the accounts payable copy of the receiving report was lost. 8. On January 3,2026, amonthly treight bill in the amount of $8.150 was received. The bill specifically related to inerchandlive purchased in December 2025, one haif of which was star in the imventory at December 31, 2025. The fredifht charges were not included in either the inventory or in accounts payable at December 31. 2025: (a1) Prepare a schedule of adiustments as of December 31, 2025, to the initial amounts per Nashis accountine records. Of an amount reduces the occount balance then enter either with a nesative sign preceding the number, es -15,000 or in porenthesis, es, (15,000)] (a1) Prepare a schedule of adjustments as of December 31,2025 , to the initial amounts per Nash's accounting records. (If on amount reduces the account balance then enter either with a negative sign preceding the number, es - 15,000 or in parenthesis, eg. (15,000) 4. 5. 6 7. 8. Total adjustments Adjusted amounts 5 efextbook and Media Attempts: unlimited