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  In 2021, the internal auditors , Development Technologies, Inc

Economics

 

In 2021, the internal auditors , Development Technologies, Inc., discover. that (a) 2020 accrued salaries 1$2.8 million were not recognized until they were paid in 2021 a. (b) a $3.8 rnillion purchase of merchandise in 2021 was recorded as a debit to Purchases in 2020 instead. The physical inventory count at the end of 2020 was correct.
Ignoring incorne taxes, prepare the journal entries to correct each error in 2021. (If no entry is required for a transaction/event, select "No journal entry required.' M the first account field. Enter your answers in millions rounded 01 decimal place (i.e., 5,500,000 should b tered as 5.5).)

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