Utilize Set 2 from the following PDF to answer this question http://lessons.pennfoster edu/pdf/061006_Exam_Tables pdf 4. Which one of the following statements is true for the ending inventory balance? A. It will appear as a debit in the Adjusted, Trial Balance column. B. It will appear as a credit in the Balance Sheet column. OC. It will appear as a credit in the Income Statement column. OD. It will appear as a debit in the Trial Balance column. Mark for review (Will be highlighted on the review page)
Utilize Set 2 from the following PDF to answer this question http://lessons.pennfoster edu/pdf/061006_Exam_Tables pdf 4. Which one of the following statements is true for the ending inventory balance? A. It will appear as a debit in the Adjusted, Trial Balance column. B. It will appear as a credit in the Balance Sheet column. OC. It will appear as a credit in the Income Statement column. OD. It will appear as a debit in the Trial Balance column. Mark for review (Will be highlighted on the review page)
Chapter1: Financial Statements And Business Decisions
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 alt="Select the best answer for the question.
Utilize Set 2 from the following PDF to answer this question: http://lessons.pennfoster edu/pdf/061006_Exam_Tables.pdf
4. Which one of the following statements is true for the ending inventory balance?
*.
O A. It will appear as a debit in the Adjusted, Trial Balance column.
B. It will appear as a credit in the Balance Sheet column
OC. It will appear as a credit in the Income Statement column.
OD. It will appear as a debit in the Trial Balance column.
O Mark for review (Will be highlighted on the review page)
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Transcribed Image Text:Select the best answer for the question.
Utilize Set 2 from the following PDF to answer this question: http://lessons.pennfoster edu/pdf/061006_Exam_Tables.pdf
4. Which one of the following statements is true for the ending inventory balance?
*.
O A. It will appear as a debit in the Adjusted, Trial Balance column.
B. It will appear as a credit in the Balance Sheet column
OC. It will appear as a credit in the Income Statement column.
OD. It will appear as a debit in the Trial Balance column.
O Mark for review (Will be highlighted on the review page)
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