2 E7-3 Recording Journal Entries to Correct Inventory MisreportingLO 7-1 LO 7.2, LO 74) Seemore Lens Company (SLCG sells contagc lenses FOB destination Fox the year ende December 3t, he compary e 10 of $71,000 and Cost of Goods Sold of $422.000. a Included in Inventory jand Accounts Payable) are $10,200 of lenses SLC is halding on consignment b Included n SLC's Inventory balance are 55.10D of office supplies held in SLC's warehouse c Excluded from SLC's nventory balance are $8100 of lenses in the warehouse, ready to send to customaers on January 2 SLC Prest reparted these lenses as solc on December 21 e price of $15.200 zero realizable value d Included in SLC's Inventory balance are $3.050 af lenses That were damaged in December and wil be scrapped in January, with Required For each item, ia-idl prepare the journal entry to comect the balences presently reoarted (It no entry is required for a trencectionJevent, select No Joumal Entry Required" in the fest account fieid.) Journal entry worksheet 2 Journal entry worksheet 10 points Included in the tnventory balance are $5,100 of office supplies held in SLC's warehouse. Record the transaction ote: Enter debits befune cres Transactionrurnal Clear entry Recond ehtry 2 Journal entry worksheet 10 points SLC reported these lenses as sold on December 31, at a price of $15,200 Record the transaction Print Nobe: Enter debits before creds General Journal Debit Transaction c-2 ew general journal Record entry