Selected worksheet data for Patinkin Company are presented below. 
Instructions
(a) Fill in the missing amounts.
(b) Prepare the adjusting entries that were made.
Definitions:
Monopoly
A market structure characterized by a single seller or producer dominating the entire market, with no close substitutes for its product or service.
Marginal Cost
The increased cost associated with making one extra unit of a good or service.
Demand
The quantity of a product or service that consumers are willing and able to purchase at various prices during a given period.
Monopolist
A single seller in a market who has significant control over the price and supply of a unique product or service.
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