A merchandise inventory account totaled $545,325 au fiscal period. An inventory was conducted, and it was goods available for sale at the end of the fiscal period totaled 10.925. What adjn entry should be made to bring the merchandise inventory acnt up oon A company's be actual operatin A. Debit the merchandise inventory account for 35,300 and credit the income accoun Debit the income summary account for 35,300 and credit the merch account for 35,300. A. a favorab B. a favorab C. an unfa D. an unfa B. The calculation for annual depreciation expense is A. estimated total depreciation expense + years of estimated useful life - A corpon depreciation expense. B. estimated total depreciation expense years of estimated useful life depreciation expense. The adjusting entry for accumulated depreciation for office equipment is A. a debit to accumulated depreciation expense and a credit to accumulated A. liab B. reta C. op D. n 26. depreciation-office equipment. B. a credit to accumulated depreciation expense and a debit to accumulated Follow the direction depreciation-office expense. the separate YOUR NAME AN AND TO ATTAC 27. One of the actions a business can take to increase its gross margin is to and legibly A. decrease the unit cost of merchandise. b. decrease the unit sales price. 32. Do Mast 28.To To calculate vertical analysis on a balance sheet, each item is divided by the amount 28, - 33. Do Ap A. total liabilities. B. total assets. C. total current assets. D. total liabilities and stockholders' equity. 29 The information needed to prepare a statement of stockholders' equity is obtained from A. the income statement. B. the general ledger. C. the adjusted trail balance. D. all of these. 84 1077-3