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The following information applies to the questions displayed below. Valley Company's adjusted trial balance on August 31, 2015, its flscal year-end, follows. Debit 33,500 134,000

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The following information applies to the questions displayed below. Valley Company's adjusted trial balance on August 31, 2015, its flscal year-end, follows. Debit 33,500 134,000 Credit Merchandise inventory Other (noninventory) assets Total liabilities Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense-Selling space Store supplies expense Advertising expense Office salaries expense Rent expense-Office space $38,693 45,095 8,000 3,506 229140 15,123 89,129 31,392 10,770 2,750 19,477 28,643 2,750 Office supplies expense 917 Totals $379,957 $379,957

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