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    jake armildez Posts: 3, Reputation: 1
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    Aug 13, 2013, 10:07 PM
    How to make adjusting entries to update merchandise inventory account
    The beginning and ending merchandise inventory for Maribeth villon company for he year ended Dec. 31, 2013 are as follows:
    Merchandise inventory, 1/1/2013 300,000
    Merchandise inventory, 12/31/2013 230,000

    What would be its adjusting entry?

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