When a Company Uses a Periodic Inventory System, the Year-End

Short Answer

When a company uses a periodic inventory system, the year-end entry to adjust the inventory account will debit and credit inventory as follows: $\begin{array}{lll}& \text {Beginning inventory Amount }& \text {Ending Inventory Amount }\\\text { a. } & \text { Debited } & \text { Credited } \\\text { b. } & \text { Debited } & \text { Debited } \\\text { c. } & \text { Credited } & \text { Debited } \\\text { d. } & \text { Credited } & \text { Credited }\end{array}$