Seemore Lens Company (SLC) sells contact lenses FOB destination

Seemore Lens Company (SLC) sells contact lenses FOB destination. For the year ended December 31, the company reported Inventory of $90,000 and Cost of Goods Sold of $460,000.

a. Included in Inventory (and Accounts Payable) are $14,000 of lenses SLC is holding on consignment

b. Included in SLC's Inventory balance are $7,000 of office supplies held in SLC's warehouse

c. Excluded from SLC's Inventory balance are $10,000 of lenses in the warehouse, ready to send to customers on January 2 SLC reported these lenses as sold on December 31, at a price of $19,000

d. Included in SLC's Inventory balance are $4,000 of lenses that were domaged in December and will be scrapped in January, with zero realizable value.

Required: For each item, (a).(d), prepare the journal entry to correct the balances presently reported. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)