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Valley Company's adjusted trial balance on August 31, 2017, its fiscal year-end, follows. DebitCredit Merchandise inventory Other (noninventory) assets Total liabilities Common stock Retained earnings
Valley Company's adjusted trial balance on August 31, 2017, its fiscal year-end, follows. DebitCredit 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 Office supplies expense Totals $41,000 130,400 $ 25,000 10,000 94,550 8,00e 2,250 12,000 es 225,600 74,500 32,000 8,000 1,500 13,000 28,500 3,600 400 $355,150 $355,150 c. Prev 8 of 8
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