I have to write 2 scenario's and this is the one thing i have a hard time with cuz im not good at it my mind goes totally blank and I end up not knowing what to do.

1. Write a scenairo to illustrate an adjustment that would show a LOSS to merchandise inventory. Write it as a t-account.

2. Write a scenairo to illustrate an adjustment that would show a GAIN to merchandise inventory, Write it as a t-account.


If someone can help me with it thanks

When is this assignment due?

well i was out a week b/c i had sugery n i just got all my assingments today it's an esstinal question i have to do.

wow, its been a while since ive done accounting, and i hate t-accounts, but, for a gain in inventory, the inventory account would be debited and its contra account would be credited, and opposite for a loss

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