Chapter 14, Problem 3CE

Information relating to inventory for Janie Par Gifts is provided below.

Beginning merchandise inventory	$ 120,000
Ending merchandise inventory	90,000
Purchases	250,000

1. 1. Set up a spreadsheet similar to the one provided below.
2. 2. Enter the appropriate information from above into the Trial Balance columns.
3. 3. Prepare appropriate adjustments and extensions to the Adjusted Trial Balance columns.