The trial balance columns of the worksheet for Linus Company at June 30, 2012, are as Follows
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LINUS COMPANY |
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Worksheet |
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For the Month Ended June 30, 2012 |
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Account Titles |
Debit |
Credit |
|
Cash |
$ 1,920 |
|
|
Accounts Receivable |
2,440 |
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|
Inventory |
11,640 |
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|
Accounts Payable |
$ 1,120 |
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|
Owner’s Capital |
3,500 |
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|
Sales Revenue |
42,500 |
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Cost of Goods Sold |
20,560 |
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|
Operating Expenses |
10,560 |
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|
$47,120 |
$47,120 |
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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.