ANALYZING CUTOFF DATA
	All of Plymouth Industries Co. sales are on credit shipped Free on Board (FOB) shipping point. Plymouth typically records sales transactions (that is, sales and cost of sales) throughout the year on the billing date. The internal auditor gathered the following information and documented it in their working papers.
		Invoice Number	Date Shipped	Date Billed	Sales Amount	Inventory Value
		8501	12/28/19	12/29/19	$ 50,000	$ 30,000
		8502	12/29/19	1/2/20	$ 50,000	30,000
		8503	1/2/20	12/31/19	$ 50,000	30,000
		8504	1/2/20	1/3/20	$ 50,000	30,000
		1. Describe the specific audit step/procedure that should be performed to determine whether sales transactions occurring immediately before or after the year-ed are recorded in the proper period.
		Audit step/procedure:
		2. Record the adjusting journal entry the internal auditor should propose (if needed) based on the cutoff information documented above. Include a clear and concise explanation for each proposed journal entry.
		Invoice 8501		Debit	Credit
		Explanation for JE:
		Invoice 8502		Debit	Credit
		Explanation for JE: