Barney Lindberg, CPA, noted that XYZ Inc, received goods prior to year-end that were included in the physical inventory but had not been recorded. In this case, which of the following adjustments should be made by

xYZ

Inc?\ A. Debit inventory/credit cash.\ B. Debit purchases/credit cost of goods sold.\ C. Debit inventory/Credit accounts payable.\ D. Debit cost of goods sold/Credit accounts payable.

Barney Lindberg, CPA, noted that XYZ Inc. received goods prior to year-end that were included in the physical inventory but had not been recorded. In this case, which of the following adjustments should be made by XYZ Inc? A. Debit inventory/credit cash. B. Debit purchases/credit cost of goods sold. C. Debit inventory/Credit accounts payable. D. Debit cost of goods sold/Credit accounts payable