Question
Complete General Journal Entries EXAMPLES General Journal - Example The first adjusting entry clears the inventory account's beginning balance..... GJ21 Date Account description Ref Dr
Complete General Journal Entries
EXAMPLES
General Journal - Example
The first adjusting entry clears the inventory account's beginning balance.....
GJ21
Date
Account description
Ref
Dr
Cr
2014
Income summary
600
$37,000
Inventory
125
$37,000
Adjust beginning inventory
Date
Account title
Ref
Dr
Cr
2013
Mth
Income summary
600
$37,000
inventory
125
$37,000
Adjust beginning inventory
Mth
Inventory
125
$39,000
Income Summary
600
$39,000
Adjust ending inventory
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Accounting For Governmental And Nonprofit Entities
Authors: Jacqueline Reck, Suzanne Lowensohn, Daniel Neely
19th Edition
1260118851, 9781260118858
