In journalizing adjusting entries, Merchandise Inventory is credited for the amount of ending inventory.

Name: In journalizing adjusting entries, Merchandise Inventory is credited for the amount of ending inventory.
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In adjusting entries, Merchandise Inventory is adjusted to reflect the ending inventory value, but it is not credited. Instead, the Cost of Goods Sold account is adjusted to reflect the cost of goods sold during the period.

In Journalizing Adjusting Entries, Merchandise Inventory Is Credited for the Amount