The trial balance columns of the worksheet using a perpetual inventory system for Marquez Company at June 30, 2014, are as follows.
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MARQUEZ COMPANY Worksheet For the Month Ended June 30, 2014 |
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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 |
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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.