After the Two Adjusting Entries for Merchandise Inventory for Marley

question 58

Multiple Choice

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 beginning of the year is:

• A)$8,000.
• B)$65,000.
• C)$73,000.
• D)$138,000.

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