The beginning Merchandise Inventory balance totals $40,000, and the ending Merchandise Inventory balance totals $45,000 . The adjusting entry for the beginning inventory will:
a. debit Merchandise Inventory and credit Income Summary for $40,000.
b. debit Merchandise Inventory and credit Income Summary for $45,000.
c. debit Income Summary and credit Merchandise Inventory for $40,000.
d. debit Income Summary and credit Merchandise Inventory for $45,000.
e. debit Capital and credit Merchandise Inventory for $40,000.
c
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