Cranbrook Used Books experienced the following events during the current year:
a Incurred $ in selling costs.
b Took an inventory at yearend and learned that goods costing $ were on hand. This compared with a beginning inventory of $ on January
c Purchased $ of merchandise.
d Incurred $ of administrative costs.
e Determined that sales revenue during the year was $
f Paid $ for transportationin costs.
g Debited all costs incurred to the appropriate account and credited to Accounts Payable. All sales were for cash.
Required:
Give the amounts for the following items in the Merchandise Inventory account:
tableAmounta Ending balance EBb Transfersin TIc Beginning balance BBd Transfersout TO
