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Matthew Mclellan
on Dec 17, 2024

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When completing a worksheet:

A) the ending inventory amount appears in the income statement debit column.
B) the beginning inventory amount appears in the adjustment credit column.
C) the ending inventory amount appears in the unadjusted trial balance debit column of the worksheet.
D) the beginning inventory amount appears in the balance sheet debit column of the worksheet.

Ending Inventory

The complete value of commodities being offered for sale upon the closing of a financial period.

Adjustment Credit Column

The Adjustment Credit Column is a section in accounting ledgers or spreadsheets where adjustments, such as credit transactions, are recorded to rectify account balances.

Worksheet

A document or tool used by accountants to plan adjustments and prepare financial statements before they are posted to ledgers.

  • Examine the impact of worksheet modifications on the financial statements.
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Keenan LassorDec 22, 2024
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