The First Entry to Adjust Merchandise Inventory Includes

question 44

Multiple Choice

The first entry to adjust Merchandise Inventory includes:

• A)a debit to Merchandise Inventory.
• B)a credit to Merchandise Inventory.
• C)a credit to Income Summary.
• D)None of these are correct.

---

Definitions:

Assisted Living

A residential option for senior citizens who need some help with daily activities but do not require full-time medical care.

Intermediate Care

Healthcare services provided to patients or the elderly that are between hospital care and independent living or home care.

Aging in Place

The capacity to reside safely, independently, and comfortably in one's own home and community, irrespective of one's age, income, or level of ability.

Assisted Living

A residential option for seniors who need help with some daily activities but do not require full-time nursing care.