After adjusting entries are posted, the Merchandise Inventory account appears as follows. Journalize the complete entries that

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After adjusting entries are posted, the Merchandise Inventory account appears as follows. Journalize the complete entries that support these postings. The Income Summary account is numbered 313.

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College Accounting Chapters 1-26

ISBN: 9780395796993

6th Edition

Authors: Douglas J. McQuaig, Patricia A. Bille

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Question Posted: Jun 27, 2024 02:15 AM

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After adjusting entries are posted, the Merchandise Inventory account appears as follows. Journalize the complete entries that

Question:

ACCOUNT Merchandise Inventory ACCOUNT NO. 114 BALANCE POST. DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT - 2 1 19x4 1 Dec. 31 Balance 9640000 2 3 19x5 3 4 5F Dec. 31 Adjusting J112 9640000 4 31 Adjusting J112 97 10000 9710000 6. 67 7 8

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College Accounting Chapters 1-26

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