Company uses the periodic inventory method and offers the following information: 
At the end of the period, the company does an inventory count and finds $16,000 of inventory on hand.
Which of the following T-accounts accurately represents the first three closing entries?
Definitions:
Rapid Delivery
The process of quickly transporting goods from the seller to the buyer, often emphasized in e-commerce to enhance customer satisfaction.
Partnering Relationship
An alliance or collaboration formed between businesses to leverage mutual strengths for achieving shared objectives, enhancing competitiveness.
Shared Mission Statement
A formal summary of the aims and values of a company, organization, or group, which is supported and pursued by all its members.
Corporate Vertical Marketing System
A structured form of supply chain organization in which a single company owns or controls each layer of the supply chain, from production to retail.
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