Presented below are selected accounts for T. Swift Company as reported in the worksheet at the end

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

Adjusted Income Accounts Trial Balance Statement Balance Sheet Cr. Cr. Dr. Dr. Сг. Dr. Cash 9,000 80,000 240,000 Inven


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 inventory system.

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula                Ending Inventory Formula =...
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Accounting Principles

ISBN: 978-1119411482

13th edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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