Which of the following journal entries is recorded correctly and in the standard format? 
Definitions:
Loaf of Bread
A shaped mass of baked bread, commonly sliced for consumption and made from a variety of grains.
Price Fixing
An illegal agreement among competitors to set prices at a certain level, rather than letting them fluctuate naturally with market forces.
Industry Tightening
A period where industry competition becomes more intense, often leading to consolidation, increased regulation, or higher barriers to entry.
Monopolistic Competition
A market structure characterized by many competitors selling products that are similar but not identical.
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