Completing the Accounting Cycle for a Merchandising Business- Adjusting Entries
In this video, we will prepare the adjusting entries for a merchandising business.
The video includes a quick discussion about two (2) methods in recording the ending balance of Merchadise inventory-- (1) the adjusting entry method and (2) the closing entry method.
Reference: Basic Accounting Made Easy by Mr. Win Ballada and Ms. Susan Ballada
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