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The beginning inventory of Eastern Wholesalers was $ 1 3 1 , 0 0 0 , and the ending inventory is $ 1 2 6

The beginning inventory of Eastern Wholesalers was $131,000, and the ending inventory is $126,500.
What entries are needed at the end of the fiscal period to adjust Merchandise Invenrory?
Journal entry worksheet
ences
Record an adjusting entry for beginning inventory.
Note: Enter debits before credits.
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