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 the subledger to enter the transaction
C. Reversing the prior postings and retransferring data from the subledgers
D. Recording a manual accrual journal in the current period and reversing the journal in the next period
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