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Find the merchandise inventory account balance

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Reference no: EM132741652

Problem 1: The Merchandise Inventory account balance in the Trial Balance columns of a worksheet for a merchandising entity that uses the periodic inventory system

a. Appears in both the debit and the credit columns.

b. Appears in the credit column only

C. Is correct as stated.

d. Is the same as it was at the beginning of the period.

Reference no: EM132741652

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