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ACCT495 Capstone Project Fall 2019 Part 1 Adjusting entries & Statements 12/31/2019 Year-end Adjustment Data for Bruce and Emmett Corp is as follows:

Problem Statement / Requirements:

1. $300,000 in sales on account had not been recorded but were shipped FOB Shipping Point on December 31. The cost of this inventory was $140,000. Bruce and Emmett use a perpetual inventory system.
Expert Business Solution Preview for ACCT495 Capstone Project Fall 2019 Part 1 Adjusting entries & Statements 12/31/2019 Year-end Adjustment Data for Bruce and Emmett Corp is as follows:

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