raj trading reported the following amounts in its financial statements in making the 4373135

Raj Trading reported the following amounts in its financial statements: In making the physical count of inventory, the following errors were made: (1) Inventory on Dec. 31, 2014: included $25,000 of goods that were on consignment from a friend of the owner. (2) Inventory on Dec. 31, 2015: did not count a section of inventory, $42,000. Requirements For each of the preceding financial statement items—(a), (b), (c), and (d)—prepare a schedule and show the adjustments that would have been necessary to correct the reported amounts.
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Raj Trading reported the following amounts in its financial statements In

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