Adjustment for Merchandise Inventory 1. Given the following, journalize the adjusting entries for Merchandise Inventory. Note that ending inventory has a balance of $14,000. Income Summary 313 Merchandise Inventory 114 30,000 Adjustment for Unearned Fees 2. a. Given the following, journalize the adjusting entry. By December 31, $300 of the unearned dog walking fees were earned. Earned Dog Walking Fees 441 Unearned Dog Walking Fees 225 650 12/1/XX 4,000 12/1/XX b. What is the category of unearned dog walking fees