Presented below are selected accounts for Midler Stores as reported in the worksheet at the end of May 2020. Ending inventory is $75,000.

Instructions
Complete the worksheet by extending amounts reported in the adjusted trial balance to the appropriate columns in the worksheet. The company uses the periodic inventory system.

Transcribed Image Text:

Statement of Financial Position Adjusted Trial Balance Income Statement Accounts Cг. Dr. Dr. Dr. Cr. Cr. Cash Inventory Purchases Purchase Returns and Allowances Sales Revenue Sales Returns and Allowances Sales Discounts 9,000 80,000 240,000 30,000 450,000 10,000 5,000 Rent Expense 42,000