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. DEBITS Cash 7500 Accts Receivable 17000 Merchandise inventory 86000 Purchases 82000 CREDITS Unearned Revenue 20800 Revenue 193000 Purchase Discounts 4100
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. DEBITS Cash 7500 Accts Receivable 17000 Merchandise inventory 86000 Purchases 82000 CREDITS Unearned Revenue 20800 Revenue 193000 Purchase Discounts 4100
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter11: Work Sheet And Adjusting Entries
Section: Chapter Questions
Problem 3E: Basga Company uses the periodic inventory system. Beginning inventory amounted to 241,072. A...
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Journalize the necessary
DEBITS
Cash 7500
Accts Receivable 17000
Merchandise inventory 86000
Purchases 82000
CREDITS
Unearned Revenue 20800
Revenue 193000
Purchase Discounts 4100
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