PROBLEM # 2-(20 POINTS) In order to test a company's cutoff of sales and purchases at December 31, 19x0, you have compiled the data listed below. The physical inventory taken by the company itens actually on hand as of the close of business December 31, 19x0. The book inventory amount was adjusted to agree with the physical count. Complete each item the required adjustment, if any included only those the schedules by showing for Year Invoice Shipping Receivable Sales Inv. 1803 1804 1805 Price 8000 6000 4000 Date 12/28/X? 12/31/X0 1/3/XI DateDr./(Cr) Dr./(Cr 19x0 19x0 19X1 12/29/XO 1/3/X1 1/3/X1 I I 1/3/x1112/31/xo 1806 5000 19x1 Cost of Accounts Sales Rec. Purchase Year Invoice Rpt. Price Recorded Date Rec. Dr/r Dr./(Cr.) Dr./(Cr.) Inventory 1/3/X1 | 12/31/XO 982 7000 983 6000 984 4 19X0 19X1 4000 19X1 1/3/Xi | 1/16/X1 12/31/X0 1/X PROBLEM # 2-(20 POINTS) In order to test a company's cutoff of sales and purchases at December 31, 19x0, you have compiled the data listed below. The physical inventory taken by the company itens actually on hand as of the close of business December 31, 19x0. The book inventory amount was adjusted to agree with the physical count. Complete each item the required adjustment, if any included only those the schedules by showing for Year Invoice Shipping Receivable Sales Inv. 1803 1804 1805 Price 8000 6000 4000 Date 12/28/X? 12/31/X0 1/3/XI DateDr./(Cr) Dr./(Cr 19x0 19x0 19X1 12/29/XO 1/3/X1 1/3/X1 I I 1/3/x1112/31/xo 1806 5000 19x1 Cost of Accounts Sales Rec. Purchase Year Invoice Rpt. Price Recorded Date Rec. Dr/r Dr./(Cr.) Dr./(Cr.) Inventory 1/3/X1 | 12/31/XO 982 7000 983 6000 984 4 19X0 19X1 4000 19X1 1/3/Xi | 1/16/X1 12/31/X0 1/X