Question: Select all that apply Merchandise Inventory, before adjustment, has a balance of $5,000. The newly counted inventory balance is $3,500. The jour remove the original
Select all that apply Merchandise Inventory, before adjustment, has a balance of $5,000. The newly counted inventory balance is $3,500. The jour remove the original balance, will include which of the following entries: credit to merchandise inventory for $5,000 credit to come summary for $5,000 debit to income summary for $5,000 debit to merchandise inventory for $5,000 Need help? Review these concept resources
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