(Work Sheet) Presented on the next page are selected accounts for Alvarez Company as reported in the work sheet at the end of May 2005.

Instructions Complete the work sheet by extending amounts reported in the adjusted trial balance to the appropriate columns in the work sheet. Do not total individual columns.

Transcribed Image Text:

Balance Sheet Cr. Accounts Adjusted Trial Balance Income Statement Dr. Cr. Dr. Cr. Dr. Cash 9,000 Merchandise Inventory 80,000 Sales 450,000 Sales Returns and Allowances 10,000 Sales Discounts 5,000 Cost of Goods Sold 250,000