Select all that apply Q-mart uses the periodic inventory system. A physical count of inventory revealed it had $6,000 of inventory remaining at year end. Given the partial list of accounts below, the entry to close the temporary credit balance accounts and update the Merchandise Inventory account would include all of the following. Account Sales Debit Purchase Discounts Merchandise Inventory (Beg. Balance) $5,000 Owner, Capital Credit $20,000 $1,000 $10,000 Debit Sales $20,000. Credit Sales for $20,000. Debit Purchase Discounts $1,000. Credit Merchandise Inventory (ending balance) $6,000. Credit Purchases Discounts for $1,000. Debit Merchandise Inventory (ending balance) $6,000.

Q-mart uses the periosi itventory system. A phyacal coum of inventory revealed it had 56,000 of inventory remaining at year end. Given the partial fist of sccounts below the entry to close the temporary credit bolance accounts and ipdate the Merchandise iriventory account would include ar of the following. Debit 5 ales 520,000 Credit Sples for $20.000 Detit Purchase Descounts $1000 Credir Merchandise Imventary (end \& belance) $6000 Creat Purchaves Discourts for $1,000 Oeiba Merchandine inventory feoding batancel $5000