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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