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

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Description: 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 itblank.Work Sheet (partial)Trial BalanceAdjustmentsAccount TitleDebit CreditDebitCreditM

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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