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Business, 30.10.2021 01:40 balletbella0531

has a December 31, 2020 year-end. On January 3, 2021, a monthly freight bill in the amount of $12,000 was received. The bill specifically related to merchandise purchased in December, 2020, one-quarter of which was still in the inventory at December 31, 2020. The freight charges were not included in either the inventory or in accounts payable at December 31, 2020. At December 31, 2020, what adjustment(s) should be made to MNO's books

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has a December 31, 2020 year-end. On January 3, 2021, a monthly freight bill in the amount of $12,00...
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