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