You are engaged to audit the Ferrick Corporation for the year ended December 31, 2018. Only merchandise shipped by the Ferrick Corporation to customers up to and including December 30, 2018, has been eliminated from inventory. The inventory as determined by physical inventory count has been recorded on the books by the companys controller. No perpetual inventory records are maintained. All sales are made on an FOBshipping point basis. You are to assume that all purchase invoices have been correctly recorded.

The following lists of sales invoices are entered in the sales journal for the months of December 2018 and January 2019, respectively.

		Sales Invoice Amount			Sales Invoice Date		Cost of Merchandise Sold			Date Shipped
December 2018
a.		$	3,000		Dec. 21		$	2,000		Dec. 31
b.			2,000		Dec. 31			800		Dec. 13
c.			1,000		Dec. 29			600		Dec. 30
d.			4,000		Dec. 31			2,400		Jan. 9
e.			10,000		Dec. 30			5,600		Dec. 29*
January 2019
f.		$	6,000		Dec. 31		$	4,000		Dec. 30
g.			4,000		Jan. 2			2,300		Jan. 2
h.			8,000		Jan. 3			5,500		Dec. 31
*Shipped to consignee.

Required:

Prepare necessary adjusting entries for the following events.

a. Record the adjusting entry for goods shipped on December 31,included in the physical inventory at the end of last fiscal year.

b. Record the sale of merchandise for sales invoice dated December 31, 2018 goods being shipped on December 13, 2018.

c. Record the sale of merchandise on December 29, 2018 goods being shipped on December 30, 2018.

d. Record the reversal of sale for sales invoice dated December 31, 2018 goods being shipped on January 9, 2018.

e. Record the shipment of merchandise to the consignee.

f. Record the sale of merchandise for sales invoice dated December 31, 2019 goods being shipped on December 30, 2019.

g. Record the sale of merchandise for sales invoice dated January 2, 2019 goods being shipped on January 2, 2019.

h. Record the sale of merchandise for sales invoice dated January 3, 2019 goods being shipped on December 31, 2019.