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The adjusted trial balance of Dailey Music Company appears below. Dailey Music Company prepares monthly financial statements and uses the perpetual inventory method. Instructions Complete
The adjusted trial balance of Dailey Music Company appears below. Dailey Music Company prepares monthly financial statements and uses the perpetual inventory method. Instructions Complete the worksheet below. DAILEY MUSIC COMPANY Worksheet For the Month Ended April 30, 2018 Income Statement Debit Credit Balance Sheet Debit Credit Adjusted Trial Balance Debit Credit Cash 11,000 Inventory 19,000 Supplies 3,500 Equipment 80,000 Accum. Depreciation- Equipment 15,000 Accounts Payable 20,000 Common Stock 50,000 Retained Earnings 42,000 Dividends 8,000 Sales Revenue 39,000 Sales Discounts 2,000 Cost of Goods Sold 25,000 Advertising Expense 7,000 Supplies Expense 6,000 Depreciation Expense 1,000 Rent Expense 2,500 Utilities Expense 1,000 166,000 166,000
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