Answer:
No entry required
However, the balance sheet must be adjusted to represent both, the 4,000,000 inventory and the 4,000,000 accounts payable
Explanation:
As the account involved:
Inventory and accounts payable are permanent account do not alter the net income for the year ended December 31th 2020.
Also as no cash is involve the cash statement is not affected too.
This delay on recording generate no problem for the accounting.
Hi Kestegag2672,
<u>Problem-focused coping</u> is to addressing work problems with a colleague as <u>emotion-focused coping</u> <span>is to talking to one's hair stylist about all of the problems at work.</span>
D) help you earn a degree
B. A direct qoutatiion that is marked off by quotation marks(APEX VERIFIED)