Chapter 10 Problem 30 LO 10-12, 10-15 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 company's controller. No perpetual inventory records are maintained. All sales are made on an FOB-shipping 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 Cost of Merchandise Sold Date Shipped a. b. C. d. $ 3,000 2,000 1,000 4,000 10,000 Sales Invoice Date December 2018 Dec. 21 Dec. 31 Dec. 29 Dec. 31 Dec. 30 January 2019 Dec. 31 Jan. 2 Jan. 3 $2,000 800 600 2,400 5,600 Dec. 31 Dec. 13 Dec. 30 Jan. 9 Dec. 29* e. f. $ 6,000 4,000 h. 8,000 *Shipped to consignee. $4,000 2,300 5,500 Dec. 30 Jan. 2 Dec. 31 Required: Prepare necessary adjusting entries for the following events. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 > Record the adjusting entry for goods shipped on December 31, included in the physical inventory at the end of last fiscal year