Presented below are selected accounts for Salazar Company as reported in the worksheet using a perpetual inventory system at the end of May 2014.
|
Accounts |
Adjusted |
Income |
Balance Sheet |
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|
Cash |
11,000 |
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|
Inventory |
76,000 |
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|
Sales Revenue |
480,000 |
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|
Sales Returns and Allowances |
10,000 |
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|
Sales Discounts |
9,000 |
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|
Cost of Goods Sold |
300,000 |
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Instructions
Complete the worksheet by extending amounts reported in the adjusted trial balance to the appropriate columns in the worksheet. Do not total individual columns.