### Show periodic inventory system

Assignment Help Cost Accounting
##### 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 AdjustedTrial Balance IncomeStatement 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.

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