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Match the Terms Below with the Correct Definitions

Question 69

Multiple Choice

Match the terms below with the correct definitions.
-Temporary account used for adjusting Merchandise Inventory account


A) Unearned Revenue
B) Income Summary
C) First merchandise inventory adjusting entry (periodic system)
D) Beginning merchandise inventory
E) Ending merchandise inventory
F) Periodic inventory system
G) Wages Payable
H) Wages Expense
I) Purchases
J) Second merchandise inventory adjusting entry (periodic system)

Correct Answer:

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