Given the following, journalize the adjusting entries for Merchandise Inventory. Note that ending inventory has a balance

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Given the following, journalize the adjusting entries for Merchandise Inventory. Note that has a balance of$21,000.

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...

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College Accounting A Practical Approach

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Authors: Jeffrey Slater

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Question Posted: Apr 24, 2014 10:09 AM

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Given the following, journalize the adjusting entries for Merchandise Inventory. Note that ending inventory has a balance

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Merchandise Inventory 114 Income Summary 313 54,000

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College Accounting A Practical Approach

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