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Journalize the necessary adjusting entries for the following (partial) trial balance. Based on a physical count, the ending merchandise inventory is $67,000. Unearned revenue at
Journalize the necessary adjusting entries for the following (partial) trial balance. Based on a physical count, the ending merchandise inventory is $67,000. Unearned revenue at year-end was $4,230.
| 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 |
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
