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Exercise 5-15 Presented below are selected accounts for Novak Corp. as reported in the worksheet using a perpetual inventory system at the end of May
Exercise 5-15 Presented below are selected accounts for Novak Corp. as reported in the worksheet using a perpetual inventory system at the end of May 2019. Complete the worksheet by extending amounts reported in the adjusted trial balance to the appropriate columns in the worksheet. Accounts Adjusted Trial Balance Debit Credit Income Statement Debit Credit Balance Sheet Debit Credit Cash 20,900 Inventory 84,800 Sales Revenue 531,900 Sales Returns and Allowances 10,300 Sales Discounts 14,000 Cost of Goods Sold 304,500
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