accounting-Presented below are selected accounts for Salazar Company

QUESTION

Presented below are selected accounts for
Salazar Company as reported in the worksheet using a perpetual inventory
system at the end of May 2014.

Complete
the worksheet by extending amounts reported in the adjusted trial balance to
the appropriate columns in the worksheet.

Accounts

Adjusted Trial Balance

Income Statement

Balance Sheet

Debit

Credit

Debit

Credit

Debit

Credit

Cash

21,310

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Inventory

81,330

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Sales
Revenue

552,520

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Sales
Returns and Allowances

14,500

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Sales
Discounts

13,960

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Cost of
Goods Sold

328,950

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ANSWER:

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