Seemore Lens Company (SLC) manufactures and sells contact lenses. For the year ended December 31, the company reported Inventory of $83,000 and Cost of Goods Sold of $446,000.

a. Included in Inventory (and Accounts Payable) are $12,600 of lenses held on consignment.

b. Included in the Inventory balance are $6,300 of office supplies held in SLCs warehouse.

c. Excluded from the Inventory balance are $9,300 of lenses in the warehouse, ready to send to customers on January 1. SLC reported these lenses as sold on December 31, at a price of $17,600.

d. Included in the Inventory balance are $3,650 of lenses that were damaged in December and will be scrapped in January, with no recoverable value.

Required: For each item, (ad), prepare the journal entry to correct the balances presently reported. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)