19 Dwight Howard, 2004-present. Everything was going so well for Howard in his first seven NBA seasons. He was popular, a well-liked endorser and dunk contest champion. He was the three-time Defensive Player of the Year, a three-time rebounding champion and the runner-up for 2010-11 MVP.
Prepare an adjustment for merchandise inventory under the periodic inventory system. The adjustment for merchandise inventory under the periodic inventory system re-. quires two adjusting entries. In the first adjusting entry (to remove the beginning in-. ventory), debit Income Summary and credit Merchandise Inventory. In the second. adjusting entry (to enter the ending inventory), debit Merchandise Inventory and. credit Income Summary. 3. Prepare an adjustment of unearned revenue. For revenue received in advance, an adjustment is required to separate the portion. that has been earned from the portion that is unearned.
The Risks of Having Too Much Inventory. Conventional wisdom says inventory ought to be managed like cash. What this means is that companies must determine exactly how much inventory they need and stock just enough. Indeed, for the past decade, American businesses have struggled mightily to reduce inventories.verstocking can lead to : Illiquidity â Ironically, the reason companies ought to manage inventories like cash is because inventory is not like cash. Itâs less liquid. Tying up too much cash in raw materials, work in progress, or finished products could be detrimental to your companyâs cash flow.