During the audit of ABBB a series of cutoff issues were identified.For each of the potential December 31, year 2, sales cutoff problems listed below, double-click on the shaded space and select the appropriate adjustment for year 2 from the list provided.Each item in the list may be used once, more than once, or not at all. Selection List | A. | No adjustment necessary. | F. | Accounts receivable (dr.)
Inventory (cr.) | | B. | Accounts receivable (dr.)
Sales (cr.) | G. | Sales (dr.)
Accounts receivable (cr.)
Inventory (dr.)
Cost of sales (cr.) | | C. | Sales (dr.)
Accounts receivable (cr.) | H. | Sales (dr.)
Inventory (cr.) | | D. | Inventory (dr.)
Cost of sales (cr.) | I. | Accounts receivable (dr.)
Sales (cr.)
Cost of sales (dr.)
Inventory (cr.) | | E. | Cost of sales (dr.)
Inventory (cr.) | J. | Sales (dr.)
Cost of sales (cr.) | 1.The company shipped merchandise (FOB destination) to a customer on December 29, year 2, and recorded the sale but not the relief of inventory. The customer received the merchandise on December 31, year 2.
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