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Lesson 14 3

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  • 1. LESSON 14-3 Planning and Recording a Merchandise Inventory Adjustment CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
  • 2. 2 MERCHANDISE INVENTORY CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning page 415 LESSON 14-3
  • 3. 3 ANALYZING AND RECORDING A MERCHANDISE INVENTORY ADJUSTMENT page 416 3 2 3 1 1. Write the debit amount. 2. Write the credit amount. 3. Label the two parts of this adjustment with a small letter d in parentheses. CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 14-3
  • 4. 4 ANALYZING AN ADJUSTMENT WHEN ENDING MERCHANDISE INVENTORY IS GREATER THAN page 417 BEGINNING MERCHANDISE INVENTORY Jan. 1 Bal. Adj. (d) (New Bal. Merchandise Inventory 294,700.00 4,200.00 298,900.00) Income Summary Adj. (d) CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning 4,200.00 LESSON 14-3
  • 5. 5 TERM REVIEW page 418  merchandise inventory CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 14-3
  • 6. 5 TERM REVIEW page 418  merchandise inventory CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 14-3

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