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Problem: Merchandise Inventory at December 31 before adjustment, has a balance of $15,000. The inventory was counted and determined to be $13,000.Unearned Seminar Fees represents $6,000, received on November 1 for six seminars. At December 31, four of these seminars had been conducted. for. Wages owed but not paid at December 31 were $500.Required:Based on the information above, record the adjusting journal entries that must be made for Artisan Wines on December 31, 2019.
Required:
Question 1: Record the adjustment for ending inventory.
Question 2: Record the adjustment for seminar fees earned. Can you please help me by providing the authentic solution of this problem.
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