Selected accounts follow for Kings Inc., a private company following ASPE, as reported in the work sheet at the end of May 2020:

Instructions

Extend the amounts reported in the adjusted trial balance to the appropriate columns in the work sheet. Do not total individual columns.

Transcribed Image Text:

Berthault Wholesalers Ltd. Scheibli Cosmetics Inc. Grocery Inc. $ (c) Kaiserman Supply Ltd. Pamela's Sales Revenue Sales Returns and Allowances Net Sales Revenue Beginning Inventory Purchases Purchase Returns and Allowances Ending Inventory $98,000 $144,000 $120,000 (a) 5,000 132,000 44,000 (e) 101,000 (d) 105,000 (g) 24,000 90,000 21,000 63,000 10,000 48,000 72,000 29,000 6,000 (b) 64,000 10,000 8,000 30,000 (f) 18,000 (h) 28,000 72,000 (i) Cost of Goods Sold Gross Profit