Determine the account and amount to be debited and the account and amount to be credited for the following adjustment. The company uses the periodic inventory system. The beginning inventory for a merchandising business was $86,000, and the ending Inventory is $79,000. View transaction list Journal entry worksheet A B Record beginning inventory adjustment. Note: Enter debits before credits Event 1 General Journal Debit Credit Record entry Clear entry View general journal 15:30 Determine the account and amount to be debited and the account and amount to be credited for the follo company uses the periodic inventory system. The beginning inventory for a merchandising business was S inventory is $79,000. View transaction list Journal entry worksheet < A B Record ending inventory adjustment. Note: Enter debits before credits. Event 2 General Journal Debit Credit Record entry Clear entry View general journal