Per discussion with the controller and review of relevant documentation, the order for $58,000 was shipped FOB shipping point on December 30, 2015, and was received by the customer on January 3, 2016. The client has made no entry to record the sale in 2015 because Meehan didn’t receive the goods until January 3, 2016.

Answer rating: 100% (QA)

Exception noted propose adjustment and request that the controller post it to the accounting record... View the full answer