Set up T accounts for Merchandise Inventory

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Problem - Matt Henry owns a business called Henry's Sporting Goods. His beginning inventory as of January 1, 20--, was $45,000, and his ending inventory as of December 31, 20--, was $57,000. Set up T accounts for Merchandise Inventory and Income Summary and perform the year-end adjustment for Merchandise Inventory.

Reference no: EM132722145

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