You have transferred, closed, and reconciled all subledgers. The sales manager informs you
about a material transaction that was completed on the last business day of the closing period.
Select the best option in this situation.
A.
Ignoring the transaction in the current period
B.
Opening thesubledger to enter the transaction
C.
Reversing the prior postings and retransferring data from thesubledgers
D.
Recording a manual accrual journal in the current period and reversing the journal in the next
period