Barrington company began the year with inventory of $100,000. during the year, the company purchased inventory in the amount of $750,000. sales revenue for the year totaled $800,000. a physical count determined the cost of inventory at the end of the year to be $90,000. the adjusting entry needed at the end of the year under a periodic inventory system includes a:

After graduation, you plan to work for dynamo corporation for 12 years and then start your own business. you expect to save and deposit $7,500 a year for the first 6 years (t = 1 through t = 6) and $15,000 annually for the following 6 years (t = 7 through t = 12). the first deposit will be made a year from today. in addition, your grandfather just gave you a $32,500 graduation gift which you will deposit immediately (t = 0). if the account earns 9% compounded annually, how much will you have when you start your business 12 years from now?