Refer to the data and information in Problem 5-3B.

Required Prepare and complete the entire 10-column work sheet for FAB Products Company. Follow the structure of Exhibit 5B.1 in Appendix 5B.

Problem 5-3B

The following unadjusted trial balance is prepared at fiscal year-end for FAB Products Company:

Rent expense and salaries expense are equally divided between selling activities and the general and administrative activities. FAB Products Company uses a perpetual inventory system.

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Ele Edit View Insert Format Tools Data Accounting Window Help 5. LAX 100% Arial 10 BIU $ % FAB PRODUCTS COMPANY Unadjusted Trial Balance October 31, 2005 Debit Credit 2 Cash $ 4,400 3 Merchandise inventory 23,000 4 Store supplies 9,600 5 Prepaid insurance 4,600 6 Store equipment 83,800 7 Accumulated depreciation-Store equipment 30,000 8 Accounts payable 16,000 9 A. Fab, Capital 64,000 10 A. Fab, Withdrawals 11 Sales 2,000 208,000 12 Sales discounts 2,000 13 Sales returns and allowances 4,000 14 Cost of goods sold 74,800 15 Depreciation expense-Store equipment 0 16 Salaries expense 62,000 17 Insurance expense 18 Rent expense 19 Store supplies expense 20 Advertising expense 21 Totals 22 44 Sheet Sheel Sheet 28,000 19,800 $318,000 $318,000