Presented below are selected accounts for Alvarez Company as reported in the worksheet at the end of
Question:
Presented below are selected accounts for Alvarez Company as reported in the worksheet 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 individual columns.
Alvarez Company Insert Page Layout Review Нome Formulas Data View P18 fx A B D Alvarez Co. Worksheet For the Month Ended May 31, 2020 Adjusted Trial Balance Income Balance Statement Sheet Account Titles Cr. Dr. Dr. Dr. Cr. Cr. Cash 8. 9,000 80,000 Inventory 10 Sales Revenue 450,000 Sales Returns and Allowances 11 10,000 12 Sales Discounts 13 Cost of Goods Sold 5,000 250,000
Step by Step Answer:
Adjusted Trial Income Accounts Balance Statement ...View the full answer
Intermediate Accounting
ISBN: 978-1119503668
17th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfiel
Related Video
A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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