Question: The adjusting journal entry under the periodic inventory method would include all of the following except: Question 7 options: 1) a debit to the inventory

The adjusting journal entry under the periodic inventory method would include all of the following except:

Question 7 options:

1)

a debit to the inventory account for the total inventory on hand at year end.

2)

a debit for the total amount in the freight-in account.

3)

a debit for the total amount in the purchase returns account.

4)

a credit for the total amount in the purchases account.

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