00%252FWebapps Chapters 12 & 13 Saved Determine the account and amount to be debited and the account and amount to be credited for the following adjustment. The company uses the periodic inventory system. The beginning inventory for a merchandising business was $88,000, and the ending inventory is $81,000. View transaction list Journal entry worksheet A B Record beginning inventory adjustment. Note: Enter debits before credits. Event 1 General Journal Debit Credit View general journal Record entry Clear entry H hapters 12 & 13 COR&external_browsers0&launchUrlahttps%253A%252F%252Fblackboard.sticc.edu%252Fwebapps%25 Saved Help Determine the account and amount to be debited and the account and amount to be credited for the following adjustment. Equipment purchased for $69,000 on January 3, 20X1, has an estimated life of 5 years and an estimated salvage value of $6,200. The firm uses the straight-line method of depreciation. Determine the adjustment for the month ended January 31, 20X1. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet