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Show periodic inventory system

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Reference no: EM13543398

Presented below are selected accounts for B. Midler Company as reported in the worksheet at the end of May 2014. Ending inventory is $75,000.

Accounts

Adjusted
Trial Balance

Income
Statement

Balance Sheet







Cash

9,000




Inventory

80,000




Purchases

240,000




Purchase Returns and Allowances

30,000



Sales Revenue

450,000



Sales Returns and





Allowances

10,000




Sales Discounts

5,000




Rent Expense

42,000




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.

Reference no: EM13543398

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