Complete the Adjustments column of the work sheet represented below. Ending merchandise inventory is $92,000. If an amount box does not require an entry, leave it blank. Work Sheet (partial) Trial Balance Adjustments Account Title Debit Credit Debit Credit Merchandise Inventory 81,000 92,000 V 81,000 V Income Summary 81,000 92,000 V Purchases 273,000 273,000 x Purchases Returns and Allowances 12,100 12,100 x Purchases Discounts 21,000 21,000 x Freight-In 5,300 5,300 X Feedback Check My Work Partially correct
Complete the Adjustments column of the work sheet represented below. Ending merchandise inventory is $92,000. If an amount box does not require an entry, leave it blank. Work Sheet (partial) Trial Balance Adjustments Account Title Debit Credit Debit Credit Merchandise Inventory 81,000 92,000 V 81,000 V Income Summary 81,000 92,000 V Purchases 273,000 273,000 x Purchases Returns and Allowances 12,100 12,100 x Purchases Discounts 21,000 21,000 x Freight-In 5,300 5,300 X Feedback Check My Work Partially correct
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Complete the Adjustments column of the work sheet represented below. Ending merchandise inventory is $92,000. If an amount box does not require an entry, leave it
blank.
Work Sheet (partial)
Trial Balance
Adjustments
Account Title
Debit Credit
Debit
Credit
Merchandise Inventory
81,000
92,000
81,000
Income Summary
81,000
92,000 V
Purchases
273,000
273,000 x
Purchases Returns and Allowances
12,100
12,100 x.
Purchases Discounts
21,000
21,000 x
Freight-In
5,300
5,300 x
Feedback
Check My Work
Partially correct](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8552db52-4a7d-476b-bba8-cd0aea4e0726%2Fc57f8e4c-22b4-4764-8e32-a1c9475d47a7%2Frsrnycq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Complete the Adjustments column of the work sheet represented below. Ending merchandise inventory is $92,000. If an amount box does not require an entry, leave it
blank.
Work Sheet (partial)
Trial Balance
Adjustments
Account Title
Debit Credit
Debit
Credit
Merchandise Inventory
81,000
92,000
81,000
Income Summary
81,000
92,000 V
Purchases
273,000
273,000 x
Purchases Returns and Allowances
12,100
12,100 x.
Purchases Discounts
21,000
21,000 x
Freight-In
5,300
5,300 x
Feedback
Check My Work
Partially correct
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