Question: Given the following, journalize the adjusting entries for Merchandise Inventory. Note that ending inventory has a balance of $13,000. Merchandise Inventory 114 48 Income Summary

Given the following, journalize the adjusting entries for Merchandise Inventory. Note that ending inventory has a balance of $13,000.

Given the following, journalize the adjusting entries for Merchandise Inventory.

Merchandise Inventory 114 48 Income Summary 313 62,000

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