Discuss the reasons a company would consider using a periodic inventory system.
For each of the following identify - in Column 1 the balance the account will have in the adjusted trial balance columns (debit or credit), in Column 2 the financial statement column(s) in which the account balance will be found (income statement or balance sheet), and in Column 3 the effect the account will have on the determination of net income (increase, decrease, or none).
36) Merchandise inventory - ending____________________________________
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