The Day Lamp Company (DLC), owned by Janna Day, is a wholesale company that purchases lamps from the manufacturer and resells them to retail stores. The company has three inventory tems, desk lamps, table lamps, and floor lamps. View the additional information. The trial balance for DLC as of September 30,2025 and additional merchandise inventory data follows. View the trial balance. View the merchandise inventory data. During the fourth quarter of 2025, DLC completed the following transactions View the transactions. Read the requirements. Requirement 1. Open general ledger T-accounts and enter opening balances as of September 30, 2025. (Enter a 0 on the normal side of the T-account for accounts with a zero balance as of September 30, 2025. Abbreviation used Depr = depreciation ) The Day Lamp Company (DLC), owned by Janna Day, is a wholesale company that purchases lamps from the manufacturer and resells them to retail stores. The company has three inventory items: desk lamps, table lamps, and floor lamps. View the additional information. The trial balance for DLC as of September 30,2025 and additional merchandise inventory data follows: View the trial balance View the merchandise inventory data. During the fourth quarter of 2025, DLC completed the following transactions: View the transactions. Read the requirements. The Day Lamp Company (DLC), owned by Janna Day, is a wholesale company that purchases lamps from the manufacturer and resells them to retail stores. The company has three inventory items: desk lamps, table lamps, and floor lamps. View the additional information. The trial balance for DLC as of September 30, 2025 and additional merchandise inventory data follows: View the trial balance. View the merchandise inventory data. During the fourth quarter of 2025, DLC completed the following transactions View the transactions. Read the requirements. The Day Lamp Company (DLC), owned by Janna Day, is a wholesale company that purchases lamps from the manufacturer and resells them to retail stores. The company has three inventory items. desk lamps, table lamps, and floor lamps View the additional information. The trial balance for DLC as of September 30,2025 and additional merchandise inventory data follows View the trial balance. View the merchandise inventory data. During the fourth quarter of 2025, DLC completed the following transactions View the transactions. Read the requirements. The Day Lamp Company (DLC), owned by Janna Day, is a wholesale company that purchases lamps from the manufacturer and resells them to retail stores. The company has three inventory items. desk lamps, table lamps, and floor lamps View the additional information. The trial balance for DLC as of September 30,2025 and additional merchandise inventory data follows View the trial balance View the merchandise inventory data. During the fourth quarter of 2025 , DLC completed the following transactions View the transactions Read the requirements. The Day Lamp Company (DLC), owned by Janna Day, is a wholesale company that purchases lamps from the manufacturer and resells them to retail stores. The company has three inventory items. desk lamps, table lamps, and floor lamps. View the additional information. The trial balance for DLC as of September 30,2025 and additional merchandise inventory data follows: View the trial balance. View the merchandise inventory data. During the fourth quarter of 2025 , DLC completed the following transactions View the transactions. Read the requirements. Additional Information DLC uses a perpetual inventory system-FIFO method. DLC owns land with a building, which is separated into two parts: office space and warehouse space All expenses associated with the office are categorized as Administrative Expenses. All expenses associated with the warehouse, which is used for the shipping and receiving functions of the company, are categorized as Selling Expenses. In addition to the land and building, DLC also owns office furniture and equipment and warehouse fixtures. The company uses one accumulated depreciation account for all the depreciable assets. Trial Balance Trial Balance Merchandise Inventory Merchandise Inventory as of September 30 consists of the following lamps. Transactions Transactions Transactions 1. Open general ledger T-accounts and enter opening balances as of September 30,2025 2. Open inventory records for the three inventory items and enter opening balances as of September 30 . 2025. Complete the inventory records using the following transactions Oct 1, 12, 15, 28, Nov 1,5, 15 18 , and DeC 27 3. Record the transactions in the general journal 4. Post transactions to the general ledger 5. Prepare adjusting entries for the year ended December 31,2025 , and post to the ledger a. Depreciation, $64,500 ( 60% selling, 40% administrative) b. Supplies on hand office, $370 Wvarehouse, $610 c. A physical inventory account resulted in the following counts desk lamps, 975 , table lamps, 6,691. and floor lamps, 7,400. Update the inventory records. 6. Prepare an adjusted that balance. 7. Provide a summary for the month, in both units and dollars, of the change in inventory for each item in the following format
