The General Ledger Shows a Balance of $66,900 in the Merchandise

question 201

Multiple Choice

The general ledger shows a balance of $66,900 in the Merchandise Inventory account at the end of the period.The physical inventory count shows inventory of $63,600.The adjusting entry includes a ________.

• A)debit to Cost of Goods Sold and a credit to Merchandise Inventory for $3,300
• B)debit to Cost of Goods Sold and a credit to Cash for $3,300
• C)debit to Merchandise Inventory and a credit to Cost of Goods Sold for $3,300
• D)debit to Merchandise Inventory and a credit to Cash for $3,300

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Definitions:

IgM Antibodies

The first type of antibody the body makes when it fights a new infection, providing an initial line of defense against pathogens.

Cytotoxic T Cells

A type of immune cell that kills cancer cells, cells that are infected (particularly with viruses), or cells that are damaged in other ways.

IgA

Immunoglobulin A, an antibody variety, is pivotal in the immune activity of mucosal linings.

MHC Complexes

A family of molecules displayed on cell surfaces that help the immune system recognize foreign substances, including Class I and Class II MHC molecules.