The trial balance columns of the worksheet using a perpetual inventory system for Marquez Company at June 30, 2014, are as follows.

MARQUEZ COMPANY Worksheet For the Month Ended June 30, 2014

Account Titles

Trial Balance

Debit

Credit

Cash

Accounts Receivable

Inventory

1,920

2,440

11,640

Accounts Payable

1,120

Owner”s Capital

3,500

Sales Revenue

42,500

Cost of Goods Sold

20,560

Operating Expenses

10,560

47,120

47,120

Other data:

Operating expenses incurred on account, but not yet recorded, total $1,500.

Instructions

Enter the trial balance on a worksheet and complete the worksheet.