ripadvis Question 11 View Policies Current Attempt in Progress Presented below is information related to Concord Corporation for the month of January 2019. $23,530 $12,110 20,340 Ending inventory per perpetual records Ending inventory actually on hand Cost of goods sold Freight-out 22,830 218,690 7,490 Insurance expense Rent expense Salaries and wages expense Sales discounts Sales returns and allowances Sales revenue 12,270 15,670 412,270 Prepare the necessary adjusting entry for inventory. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If notivire "O" for the amounts.) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Prepare the necessary dosing entries. (Credit account bites are automatically indented when amount is entered. Do not indent manually. If no entry is required sex amounts) Account Titles and Explanation Debit Credit (To dose accounts with credit balances) (To dose accounts with debit balances) (To dose net income / (loss))