LESSON 14-3. Planning and Recording a Merchandise Inventory Adjustment. MERCHANDISE INVENTORY. page 415. 3. 3. ANALYZING AND RECORDING A MERCHANDISE INVENTORY ADJUSTMENT. page 416. 2. 1. 1. Write the debit amount. 2. Write the credit amount.
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Planning and Recording a Merchandise Inventory Adjustment
3ANALYZING AND RECORDING A MERCHANDISE INVENTORY ADJUSTMENT
1. Write the debit amount.
2. Write the credit amount.
3. Label the two parts of this adjustment with a small letter d in parentheses.
Jan. 1 Bal. 294,700.00
Adj. (d) 4,200.00
(New Bal. 298,900.00)
Adj. (d) 4,200.00ANALYZING AN ADJUSTMENT WHEN ENDING MERCHANDISE INVENTORY IS GREATER THAN BEGINNING MERCHANDISE INVENTORY