After the two adjusting entries for merchandise inventory for Marley Motorcycles have been entered on the worksheet, the Income Summary account in the Adjusted Trial Balance section has a debit of $65,000 and a credit of $73,000. The amount of merchandise inventory at the end of the year is:
A)$8,000.
B)$73,000.
C)$65,000.
D)$138,000.

Question

Quizplus · Accepted Answer

The Answer of After the two adjusting entries for merchandise inventory for Marley Motorcycles have been entered on the worksheet, the Income Summary account in the Adjusted Trial Balance section has a debit of $65,000 and a credit of $73,000. The amount of merchandise inventory at the end of the year is:
A)$8,000.
B)$73,000.
C)$65,000.
D)$138,000.

After the Two Adjusting Entries for Merchandise Inventory for Marley