The following are selected accounts for McPhan Company as reported in the worksheet using a perpetual inventory system at the end of May 2020 Instructions Complete the worksheet by extending amounts reported in the adjusted trial balance to the appropriate columns in the worksheet Do not total indi...

Business
Fundamental Accounting Principles
The following are selected accounts for McPhan Company as reported

The following are selected accounts for McPhan Company as reported in the worksheet using a perpetual inventory

Question:

The following are selected accounts for McPhan Company as reported in the worksheet using a perpetual inventory system at the end of May 2020.

Adjusted Trial Income Statement Balance Accounts Balance Sheet Dr. Cr. Cr. Cr. Dr. Dr. Cash 11,000 76,000 Inventory Sale

Instructions
Complete the worksheet by extending amounts reported in the adjusted trial balance to the appropriate columns in the worksheet. Do not total individual columns.

Transcribed Image Text:

Adjusted Trial Income Statement Balance Accounts Balance Sheet Dr. Cr. Cr. Cr. Dr. Dr. Cash 11,000 76,000 Inventory Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold 480,000 10,000 9,000 300,000

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ISBN: 978-1119411482

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

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Question Posted: Jan 12, 2019 05:05 AM

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