Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Presented below are selected accounts for Splish Company as reported in the worksheet at the end of May 2020. Complete the worksheet by extending amounts

Presented below are selected accounts for Splish Company as reported in the worksheet at the end of May 2020. Complete the worksheet by extending amounts reported in the adjusted trial balance to the appropriate columns in the worksheet.

SPLISH CO. Worksheet For The Month Ended May 31, 2020

Accounts

Adjusted Trial Balance

Income Statement

Balance Sheet

Dr.

Cr.

Dr.

Cr.

Dr.

Cr.

Cash

9,240

enter a debit amount

enter a credit amount

enter a debit amount

enter a credit amount

Inventory

87,710

enter a debit amount

enter a credit amount

enter a debit amount

enter a credit amount

Sales Revenue

405,800

enter a debit amount

enter a credit amount

enter a debit amount

enter a credit amount

Sales Returns and Allowances

9,380

enter a debit amount

enter a credit amount

enter a debit amount

enter a credit amount

Sales Discounts

5,150

enter a debit amount

enter a credit amount

enter a debit amount

enter a credit amount

Cost of Goods Sold

252,300

enter a debit amount

enter a credit amount

enter a debit amount

Presented below are selected accounts for Splish Company as reported in the worksheet at the end of May 2020. Complete the worksheet by extending amounts reported in the adjusted trial balance to the appropriate columns in the worksheet.

SPLISH CO. Worksheet For The Month Ended May 31, 2020

Accounts

Adjusted Trial Balance

Income Statement

Balance Sheet

Dr.

Cr.

Dr.

Cr.

Dr.

Cr.

Cash

9,240

Inventory

87,710

Sales Revenue

405,800

Sales Returns and Allowances

9,380

Sales Discounts

5,150

Cost of Goods Sold

252,300

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Excel For Accountants Tips, Tricks & Techniques

Authors: Conrad Carlberg

1st Edition

1932925015, 9781932925012

More Books

Students also viewed these Accounting questions