On Dec 31, MWP has delivered 4500 of merchandise customers had paid for in advance during the year. The merchandise cost MWP 2800. On Dec 23 the trial balance had 9800-cash, 27800-Merchandise Inventory, and unearned revenue of 5610. How do I do end of year adjusting entries? 

Answer rating: 100% (QA)

To make the endofyear adjusting entries based on the given information we need to account for the me... View the full answer