At the end of the accounting period, the correct entry in the general journal to adjust for ending inventory is to
a. debit Merchandise Inventory and credit Unearned Revenue.
b. debit Income Summary and credit Merchandise Inventory.
c. debit Merchandise Inventory and credit Income Summary.
d. debit Other Revenue and credit Income Summary.
c
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Today, the standards of marketing practice have shifted from the interests of producers to the interests of ________.
A. nonprofit organizations B. government C. consumers D. suppliers E. resellers
When preparing the worksheet for a merchandising business using the perpetual inventory system, which of the following is not a new merchandising account that is shown on the worksheet?
A) Accumulated Depreciation - Building B) Sales Returns and Allowances C) Cost of Goods Sold D) Merchandise Inventory
Using the data in Table M2-5, determine the optimal arc of stage 2
A) 4 - 6 B) 5 - 6 C) 4 - 5 D) 2 - 5 E) None of the above
Since business defamation is a per se tort, it cannot amount to strict liability even if the plaintiff has proved that the damaging statement was published
Indicate whether the statement is true or false