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  3. Study Set
    College Accounting Study Set 2
  4. Exam
    Exam 11: Preparing a Worksheet for a Merchandise Company
  5. Question
    The First Entry to Adjust Merchandise Inventory Includes
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The First Entry to Adjust Merchandise Inventory Includes

Question 2

Question 2

Multiple Choice

The first entry to adjust Merchandise Inventory includes:


A) a debit to Merchandise Inventory.
B) a credit to Merchandise Inventory.
C) a credit to Income Summary.
D) a credit to Purchases.

Correct Answer:

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