Journalize the necessary adjusting entries for the following (partial) trial balance. Based on a physical count, the ending merchandise inventory is $67,000. Unearned revenue at year-end was $4,230.
Account TitleDebit
Credit
Cash7,500
Accounts Receivable17,000
Merchandise Inventory86,000
Unearned Revenue 20,800
Revenue 193,000
Purchases82,000
Purchases Discounts 4,100
What will be an ideal response?
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