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Presented below are selected accounts for Alvarez Company as reported in the worksheet at the end of May 2014. Complete the worksheet by extending amounts

Presented below are selected accounts for Alvarez Company as reported in the worksheet at the end of May 2014. Complete the worksheet by extending amounts reported in the adjusted trial balance to the appropriate columns in the worksheet.

ALVAREZ CO. Worksheet for the month ended May 31, 2014

ACCOUNTS

Adjusted trial balance

Income statement

Balance sheet

Dr.

Cr.

Dr.

Cr.

Dr.

Cr.

cash

17,580

inventory

80,860

Sales revenue

476,760

Sales returns and allowances

13,440

Sales discounts

7,970

Cost of goods sold

253,260

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