Presented below is information related to Hurly Co., owned by D. Flamont, for the month of January 2024.

Prepare the necessary adjusting entry for inventory.

Presented below is information related to Hurly Co., owned by D. Flamont, for the month of January 2024 . \begin{tabular}{lrlr} Ending inventory per perpetual records $21,600 & Rent expense & $20,000 \\ Ending imventory actually on hand & 21,000 & Salaries expense & 55,000 \\ Cost of goods sold & 218,000 & Sales discounts & 10,000 \\ Delivery expense & 7,000 & Sales returns and allowances & 13,000 \\ Insurance expense & 12,000 & Sales & 380,000 \end{tabular}