Presented below is information related to Sheridan Co., owned by D. Garcia, for the month of January 2024. Ending inventory per perpetual records Ending inventory actually on hand Cost of goods sold Delivery expense Insurance expense $22,600 Date Account Titles 18,300 209,000 7,300 12,300 Rent expense Salaries expense Sales discounts Sales returns and allowances Sales $20,200 Debit 54,500 10,400 12,600 Prepare the necessary adjusting entry for inventory. (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 O for the amounts. List debit entry before credit entry.) 379,000 Credit

Prepare the necessary adjusting entry for inventory. (Credit account titles are automatically indented whin the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry) Prepare the necessary closing entries. D. Garcia did not withdraw any cash during the month of January. (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 title and enter 0 for the amounts. List all debit entries before credit entries.) Presented below is information related to Sheridan Co., owned by D. Garcia, for the month of January 2024. Prepare the necessary adjusting entry for inventory. (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 O for the amounts. List debit entry before credit entry)