Current Attempt in Progress Presented below is selected information related to Ayayai Co. for the month of January 2022. Ending inventory per perpetual records Ending inventory actually on hand Cost of goods sold Freight-out (a) $24,710 23,910 213,050 7,270 Insurance expense Account Titles and Explanation Rent expense Salaries and wages expense Sales discounts Sales returns and allowances Sales revenue $11,820 Debit 22,450 55,490 13,080 15,060 Prepare the necessary adjusting entry for inventory. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) 401,870 Credit

Current Attempt in Progress Presented below is selected information related to Ayayai Co. for the month of January 2022. (a) Prepare the necessary adjusting entry for inventory. (List all debit entries before credit entries. Credit account titles are outomatically indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the occount tities and enter Ofor the amounts.) Current Attempt in Progress Presented below is selected information related to Ayayai Co. for the month of January 2022. (a) Prepare the necessary adjusting entry for inventory. (List all debit entries before credit entries. Credit account titles are outomatically indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the occount tities and enter Ofor the amounts.)