Mary Monitor, CPA, Noted That ABC Co

Multiple Choice

Mary Monitor, CPA, noted that ABC Co. received goods prior to year-end that were included in physical inventory but had not been recorded. In this case, which of the following adjustments should be made?

A) Debit purchases/credit cost of goods sold.
B) Debit cost of goods sold/credit accounts payable.
C) Debit inventory/credit accounts payable.
D) None.