Prepare any correcting entries to adjust inventory to its proper amount at December 31,2025 . Assume the books hyve not been closed. ff no entry is required, select "No entry' for the eccount tities and enter O for the amounts. Credit account tilles are outomatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) it was counted. The invoice was prepared and recorded as a sale on x count for $19,840 on December 31 . The merchandise cost $11,393, and Champy received it on January 3 4. Included in imventory was merchandise received from Dudley on December 31 with an invoice price of \$24.227, The merchandise was shipped fo b. destination. The imoice, which has not yet arrived, has not been recorded 5. Not included in inventery is $13,237 of merbiandise purchased from Glowser Industries. This merchandise was recewed on December 31 after the inventory had been counted. The imoice was received and recorded on Decernber 30 . 6. Included in imventory was $16.179 of inventory held by Whispering on consignment trom Jachel Industries 7. Included in inventory is merchandise sold to Kemp fo b. shippine point. This merchandise was shipped on December 31 after it was counted. The invoice was prepared and recorskd as a wle for 329.295 on December 31 . The cost of this merchandise was $16,306, and Kemp received the merchandive on January 5. 8. Exeluded from inventory was a carton labeled 'Pleme axcept for credit' This carton contains merchandise costine $2.325 which had been sold to a customer for $4,030. No entry had been made to the books to reflect the return, but none of the returned merchandise seemed damaged, Whispering wall honor the return. Your answer is correct. Determine the proper inwentory balance for Whispering Company at December 31, 2025. Imventory balance as on December 31,2025 \& eTextbook and Media List of Accounts Attempts: 1 of 5 used Whispering Company asks you to review its December 31,2025 , inventory values and prepare the necessary adjustments to the books. The following information is given to you. 1. Whispering uses the periodic method of recording inventory. A physical count reveals $364,080 of inventory on hand at December 31,2025 . 2. Not included in the physical count of imventory is $20,801 of merchandise purchased on December 15 from Browser. This merchandise was shipped fo b. shipping point on December 29 and arrived in January. The invoice arrived and was recorded on December 31 . 3. Included in imentory is merchandise sold to Champy on December 30 , fo.b. destination. This merchandise was shipped after it was counted. The invoice was prepared and recorded as a sale on account for $19.840 on December 31 . The merchandive cost $11,393, and Champy received it on January 3. 4. Included in inventory was merchandise received from Dudley on December 31 with an imvice price of \$24.227. The merchandise was shipped fo b. destination. The invoice, which has not yet arrived, has not been recorded. 5. Not included in inventory is $13.237 of merchandise purchased from Clowser Industries. This merchandise was received on December 31 after the inventory had been counted. The imvoice was received and recorded on December 30. 6. Included in imventory was $16,179 of imventory held by Whispering on consignment from Jachel Industries. 7. Included in imventory is merchandise sold to Kemp to.b, shipping point. This merchandise was shipped on December 31 after it was counted. The invoice was prepared and recorded as a sale for $29,295 on December 31 . The cost of this merchandise was $16,306, and Kemp received the merchandise on January 5
