You are engaged to audit the Ferrick Corporation for the year ended December 31, 2015. Only merchandise shipped by the Ferrick Corporation to customers up to and including December 30, 2015, 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 2015 and January 2016, respectively.

		Sales Invoice Amount			Sales Invoice Date		Cost of Merchandise Sold			Date Shipped
December 2015
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 2016
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.

Event	General Journal	Debit	Credit
a. b. c. d. e. f. h.