The following inventory transactions took place near December 31, 2021, the end of the Rasul Company's fiscal year-end:

The following inventory transactions took place near December 31, 2021, the end of the Rasul Company's fiscal year-end: 1. On December 27,2021 , merchandise costing $2,000 was shipped to the Myers Company on consignment. The shipment arrived at Myers's location on December 29 , but none of the merchandise was sold by the end of the year. The merchandise was not included in the 2021 ending inventory. 2. On January 5,2022 , merchandise costing $10,000 was received from a supplier and recorded as a purchase - on that date and not included in the 2021 ending inventory. The invoice revealed that the shipment was made f.o.b. shipping point on December 28,2021 . 3. On December 29,2021 , the company shipped merchandise costing $20,000 to a customer f.o.b. destination. The goods, which arrived at the customer's location on January 4, 2022, were not included in Rasul's 2021 ending inventory. The sale for $30,000 was recorded in 2021 . 4. Merchandise costing $5,000 was received on December 28,2021 , on consignment from the Abom Company. A purchase was not recorded and the merchandise was not included in 2021 ending inventory. 5. Merchandise costing $15,000 was received and recorded as a purchase on January 8,2022 . The invoice revealed that the merchandise was shipped from the supplier on December 28,2021 , f.o.b. destination. The merchandise was not included in 2021 ending inventory. Required: a. State whether Rasul correctly accounted for each of the above transactions. Give the reason for your answer. b. If not correctly accounted for, prepare the correcting journal entry, assuming that the errors were discovered after the 2021 financial statements were issued in 2022