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SCORPION-xisa [38]
3 years ago
12

The beginning inventory of SoCal Wholesalers was $121,000, and the ending inventory is $116,500. What entries are needed at the

end of the fiscal period to adjust Merchandise Inventory?
Business
1 answer:
Sphinxa [80]3 years ago
5 0

Answer and Explanation:

The journal entries that are required to adjust merchandise inventory is given below:

Income Summary  $121,000

        To Inventory $121,000

 (Being eliminate Beginning inventory balance is recorded)

Inventory $116,500

      To Income Summary $116,500

(Being the cost of ending inventory is recorded)  

These two entries should be recorded for adjusting merchandise inventory

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Describe complexity.

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2 years ago
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Account receivable balance = $1,100 - ($1,100* 5%)

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3 years ago
Consultant susan wheelan encourages appointed leaders to adjust their leadership style to the group's:
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Answer:

The correct answer is stage of development.

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When we analyze the different types of leaders that have an impact, we realize what kind of steps they have taken to get there, what different phases they have had to go through and what their evolution has been. This model helps us to contextualize the place in which a person is and what the next steps would be to improve their leadership capacity.  

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