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PC Co. Trial Balance 31, 2016 Debit Credit S Accounts Reccivables Merchandise Inv 233,900 11,400 . Store Accounts P 96,600 100,000 585,300 5,221,100 Sales Return&Allowances

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PC Co. Trial Balance 31, 2016 Debit Credit S Accounts Reccivables Merchandise Inv 233,900 11,400 . Store Accounts P 96,600 100,000 585,300 5,221,100 Sales Return&Allowances Sales Discounts Cost of Merchandise Sold 2 8 3 S6,059,700 $6,059,700 Adjusting entries as shown below Date Account Title Debit $ Credit S a Cost of Merchandise Inv Merchandise Inv 1,950 11,950 561,950-$550,000 Insurance 12,000 Stores 9,800 Stores ($11,400+$2,400-$4,000 9,800 ation 14,000 Accumulated ation 14,000 e Sales Salaries 7.000 6,600 Office Salaries Salaries P 13,600 7. Prepare an adjusted trial balance

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