Adjustment for Merchandise Inventory Using T Accounts: Periodic Inventory System

Adjustment for Merchandise Inventory Using T Accounts: Periodic Inventory System Matt Henry owns a business called Henry's Sporting Goods. His beginning inventory as of January 1, 20--, was $49, 720, and his ending inventory as of December 31, 20--, was $54, 450. Set up T accounts for Merchandise Inventory and Income Summary and perform the year-end adjustment for Merchandise Inventory. Adjustment for Merchandise Inventory Using T Accounts: Periodic Inventory System Matt Henry owns a business called Henry's Sporting Goods. His beginning inventory as of January 1, 20--, was $49, 720, and his ending inventory as of December 31, 20--, was $54, 450. Set up T accounts for Merchandise Inventory and Income Summary and perform the year-end adjustment for Merchandise Inventory