The following sales were selected for a cutoff test of Genius Monitors, Inc., for the December 31, 2012, financial statements. All sales are credit sales and are FOB shipping point. They are recorded on the billing date

Required
a. What adjusting journal entries, if any, would you recommend that the client make for each of these items? (Do not consider the inventory implications of this cutoff.)
b. What complications do shipping terms of FOB destination create?
c. Under what circumstances might an auditor accept sales that are recorded when shipped, even though they are shipped FOB destination?

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Date Involce Number Sales Pice Shlpped Blled 36590 36591 2,750 25,390 9,200 570 12/28/12 12/29/12 1/2/13 12/31/12 1/3/13 1/3/13