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At the end of the accounting period, the correct entry in the general journal to adjust for ending inventory is to a . debit Income
At the end of the accounting period, the correct entry in the general journal to adjust for ending inventory is to
a debit Income Summary and credit Merchandise Inventory.
b debit Merchandise Inventory and credit Income Summary.
c debit Other Revenue and credit Income Summary.
d debit Merchandise Inventory and credit Unearned Revenue.
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Advanced Financial Accounting
Authors: Theodore Christensen, David Cottrell, Cassy Budd
13th Edition
1260772136, 9781260772135
