Presented below are selected accounts for Midler Stores as reported in the worksheet at the end of May 2025. 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.

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