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Question 25) Your audit client shipped some merchandise to a customer on December 28 of...

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Accounting

Question 25) Your audit client shipped some merchandise to a customer on December 28 of the current year. The goods sold for $3,000 and the client had accumulated manufacturing costs of $2,000 for the goods. A sale on account was recorded, but due to a computer error, the goods remained in the recorded inventory as of the end of the year. The required adjusting entry will:

Group of answer choices

a)decrease net income.

b)decrease sales revenue.

c)decrease accounts receivable

d)all of the above.

Answer & Explanation Solved by verified expert
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