In 20X2, Delmar Co. found the following two inventory errors that happened in 20X1. What is the journal entry that will correct both errors? (Copyright Obeua Persons. All rights reserved.) 1. 20X1 ending inventory excluded $15,000 goods shipped to customers f.o.b. destination that was on transit at year end. 2. 20X1 ending inventory excluded $10,000 goods purchased from a supplier f.o.b. shipping point that was on transit at year end. (Copyright Obeua Persons. All rights reserved.) Group of answer choices Debit Inventory $25,000 and credit Accounts Payable $25,000. Debit Inventory $5,000 and credit Retained Earnings $5,000. Debit Inventory $25,000 and credit Cost of goods sold $15,000 & credit Accounts Payable $10,000. Debit Retained Earnings $25,000 and credit Inventory $25,000. Debit Inventory $25,000 and credit Retained Earnings $25,000