Listed below are the account titles used by Southside Mattresses, each
of which is identified by a letter. For the following adjustment:
The ending amount for Merchandise Inventory is $1,412.67 more
than the beginning amount.
Indicate the account to be debited.
a. Merchandise inventory f. Income Summary
b. Office Supplies g. Purchases
c. Pre-paid Insurance h. Insurance Expense
d. Accounts Payable i. Office supplies Expense
e. Federal Cooperate j. Federal Cooperate Income Tax
Income Tax Payable Expense
1 answer
The account to be debited for the adjustment is f. Income Summary.