At December 31, 2024, Susan Wilson Corporation reported current assets of $394,219 and current liabilities of $198,100. The following items may have been recorded incorrectly. Wilson uses a perpetual inventory system. 1. 2. 3. Goods purchased costing $20,520 were shipped f.o.b. shipping point by a supplier on December 28. Wilson received and recorded the invoice on December 29, 2024,

Sep 8, 2023

 

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At December 31, 2024, Susan Wilson Corporation reported current assets of $394,219 and current liabilities of $198,100. The following items may have been recorded incorrectly. Wilson uses a perpetual inventory system. 1. 2. 3. Goods purchased costing $20,520 were shipped f.o.b. shipping point by a supplier on December 28. Wilson received and recorded the invoice on December 29, 2024,
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