Presented below are selected accounts for B. Midler Company as reported in the worksheet at the end of May 2014. Ending inventory is $75,000.

Instructions
Complete the worksheet by extending amounts reported in the adjustment trial balance to the appropriate columns in the worksheet. The company uses the periodic inventorysystem.

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Adjusted Trial Balance Income Statement Accounts Balance Sheet Cash Inventory Purchases Purchase Returns 80,000 240,000 and Allowances Sales Revenue Sales Returns and 30,000 450,000 Allowances Sales Discounts Rent Expense 10,000 42,000