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

Instructions
Complete the worksheet by extending amounts reported in the adjusted trial balance to the appropriate columns in the worksheet. Do not total individualcolumns.

Transcribed Image Text:

Adjusted Trial Balance Income Statement Accounts Balance Sheet Dr r. Dr Cr 11,000 76,000 Cash Inventory Sales Revenue Sales Returns and Allowances10,000 Sales Discounts Cost of Goods Sold 480,000 9,000 300,000