Please what journal entries you would make and how assets, liabilities and net income are effected (understated, overstated, no effect).

10. Alpha failed to record the return of inventory to the manufacturer for a credit (periodic inventory system). 11. Alpha purchased merchandise on credit with terms F.O.B. Destination. As of December 31, the merchandise had not yet been received by Alpha Alpha recorded the purchase and included that merchandise in ending inventory (periodic system). 12. Alpha should have recorded the purchase of supplies on credit but didn't As a result, no AJE was