Comprehensive Problem 2 Part 5: Optional work sheet

Enter the unadjusted trial balance on a 10-column end-of-period spreadsheet (work sheet), and complete the spreadsheet using the following adjustment data.

a.		Inventory on May 31				$570,000
b.		Insurance expired during the year				12,000
c.		Store supplies on hand on May 31				4,000
d.		Depreciation for the current year				14,000
e.		Accrued salaries on May 31:
		Sales salaries		$7,000
		Office salaries		6,600		13,600

f. The adjustment for customer returns and allowances is $60,000 for sales and $35,000 for cost of goods sold.

If an amount box does not require an entry, leave it blank.