Sales Revenue Cost of Goods Sold Operating Expenses 20,560 10,560 3,500 42,500 47,120 47,120 Other data: Operating expenses incurred on account, but not yet recorded, total $1,500. Instructions Enter the trial balance on a worksheet and complete the worksheet. ES-17 The trial balance of A. Wiencek Company at the end of its fiscal year, August 31, P 2017, includes these accounts: Inventory $19,500; Purchases $149,000; Sales Revenue se $190,000; Freight-In $5,000; Sales Returns and Allowances $3,000; Freight-Out $1,000; L and Purchase Returns and Allowances $2,000. The ending inventory is $23,000. Instructions Prepare a cost of goods sold section for the year ending August 31 (periodic inventory). E5-18 On January 1, 2017, Brooke Hanson Corporation had inventory of $50,000. At C December 31, 2017, Brooke Hanson had the following account balances. Freight-in Purchases Purchase discounts Purchase returns and allowances Sales revenue Sales discounts Sales returns and allowances $4,000 509,000 6,000 2,000 840,000 5,000 10,000