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Based on a physical count, the ending merchandise inventory is $67,000 and the unearned revenue at year-end was $4,230..what are the necessary adjusting entries in
Based on a physical count, the ending merchandise inventory is $67,000 and the unearned revenue at year-end was $4,230..what are the necessary adjusting entries in the following (partial) trial balance?
Account Title Debit Credit
Cash 7,500
Accounts Receivable 17,000
Merchandise Inventory 86,000
Unearned Revenue 20,800
Revenue 193,000
Purchases 82,000
Purchases Discounts 4,100
GENERAL JOURNAL Page 1
DateDescriptionPost Ref.DebitCreditADJUSTING ENTRIESIncome
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