Determine the account and amount to be debited and the account and amount to be credited for the following adjustment. The company uses the periodic inventory system. The beginning inventory for a merchandising business was $32,000, and the ending inventory is $45,000.

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The Answer of Determine the account and amount to be debited and the account and amount to be credited for the following adjustment. The company uses the periodic inventory system. The beginning inventory for a merchandising business was $32,000, and the ending inventory is $45,000.

Determine the Account and Amount to Be Debited and the Account