Question: Journalize the adjusting entries from the partial work sheet for a merchandising firm. Account Title Adjusted Trial Balance Income Statement Balance Sheet Debit Credit Debit

Journalize the adjusting entries from the partial work sheet for a merchandising firm. Account Title Adjusted Trial Balance Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit Merchandise Inventory Income Summary 43,800 53,000 43,800 43,800 53,000 43,800 If an amount box does not require an entry, leave it blank. Page: 1 DATE POST REF. DEBIT CREDIT 1 a. DESCRIPTION Income Summary Merchandise Inventory 1 N w N 3 b. 4

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4. Are there any disadvantages?

3. What are the main benefits of using more information technology?

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