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Valley Company's adjusted trial balance on August 31, 2017, its fiscal year-end, follows. DebitCredit $ 36, 500 146,000 Merchandise inventory Other (noninventory) assets Total 1iabilities

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Valley Company's adjusted trial balance on August 31, 2017, its fiscal year-end, follows. DebitCredit $ 36, 500 146,000 Merchandise inventory Other (noninventory) assets Total 1iabilities K. Valley, Capital K. Valley, withdrawals 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 Office supplies expense Totals $ 42,158 121,098 8,000 249,660 3,820 16,478 96, 761 34,203 11,734 2,996 21,221 31,208 2,996 $412,916 $412,916

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