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Alpha sold merchandise to Beta on credit with terms F.O.B. Shipping Point. As of December 31, the merchandise had not yet been received by Beta.

Alpha sold merchandise to Beta on credit with terms F.O.B. Shipping Point. As of December 31, the merchandise had not yet been received by Beta. Alpha did not record the sale and counted the merchandise in ending inventory (periodic system). use t-charts for over and unders

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