Presented below are selected accounts for B. Midler Company as reported in the worksheet at the end of May 2017. 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 Adjusted Trial Balance Financial Position r. Income Accounts Statement Dr. 9,000 80,000 240,000 r. Cr. r. Cash Inventory Purchases Purchase Returns and Allowances Sales Revenue Sales Returns and 30,000 450,000 Sales Discounts Rent Expense 10,000 5,000 42,000