A company has merchandise inventory at the beginning of the year of $14,000 and merchandise inventory at the end of the year of $18,000. Which of the following would be included in the adjusting entry to place the ending inventory on the books?
a. Debit Income Summary for $14,000.
b. Credit Income Summary for $18,000.
c. Debit Merchandise Inventory for $14,000.
d. Credit Merchandise Inventory for $18,000.