The following selected items appeared in the adjusted trial balance columns of the worksheet for Blue Company on December 31, 2019.

		Debit			Credit
Finished Goods Inventory	$	60,000		$	62,000
Work in Process Inventory		85,000			90,000
Raw Materials Inventory		45,000			50,000
Materials Purchases		800,000
Purchases Returns and Allowances					8,000
Freight In (on Materials Purchases)		30,000

Prepare the general journal entry to record adjustments for inventory accounts.

Journal entry worksheet

• Record the transfer of beginning raw materials inventory.

Note: Enter debits before credits.

	Date General Journal Debit Credit Dec 31, 2019

Journal entry worksheet

• Record the transfer of ending raw materials inventory.

Note: Enter debits before credits.

	Date General Journal Debit Credit Dec 31, 2019

Journal entry worksheet

• Record the transfer of beginning work in process inventory.

Note: Enter debits before credits.

	Date General Journal Debit Credit Dec 31, 2019

Journal entry worksheet

• Record the transfer of ending work in process inventory.

Note: Enter debits before credits.

	Date General Journal Debit Credit Dec 31, 2019

Journal entry worksheet

• Record the transfer of beginning finished goods inventory.

Note: Enter debits before credits.

	Date General Journal Debit Credit Dec 31, 2019

Journal entry worksheet

• Record the transfer of ending finished goods inventory.

Note: Enter debits before credits.

	Date General Journal Debit Credit Dec 31, 2019