Question: Get solution Exercise 12.1 (Algo) Determining the adjustments for Inventory. LO 12-1 The beginning Inventory of Eastern Wholesalers was $124,000, and the ending Inventory Is

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Exercise 12.1 (Algo) Determining the adjustments for Inventory. LO 12-1 The beginning Inventory of Eastern Wholesalers was $124,000, and the ending Inventory Is $105,219. What entries are needed at the end of the fiscal period to adjust Merchandise Inventory? View transaction Hat Journal entry worksheet 2 Record an adjusting entry for beginning inventory. Note: Enter debits before credits. S.No/Date Account Title Debit Credit December 31, 20X1 Bave master clear View general Journal

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