If an almond crop was sold on December 29, financial statements are prepared on December 31, and the check from the sale was received on January 5, when will the adjustment be recorded under the accrual-basis system? If an almond crop was sold on December 29, financial statements are prepared on December 31, and the check from the sale was received on January 5, when will the adjustment be recorded under the accrual-basis system? January 1 December 31 January 5 December 29