Question: Given the following, journalize the adjusting entries for Merchandise Inventory. Note that ending inventory has a balance of$21,000. Merchandise Inventory 114 Income Summary 313 54,000

Given the following, journalize the adjusting entries for Merchandise Inventory. Note that ending inventory has a balance of$21,000.
Given the following, journalize the adjusting entries for Merchandise Inventory.

Merchandise Inventory 114 Income Summary 313 54,000

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