The trial balance columns of the worksheet using a perpetual inventory system fo
ID: 2406360 • Letter: T
Question
The trial balance columns of the worksheet using a perpetual inventory system for Balistreri Company at June 30, 2017, are as follows. Other data Operating expenses incurred on account, but not yet recorded, total $1,690. Complete the worksheet. BALISTRERI COMPANY Worksheet Account Titles Trial Balance Adjustments Dr. Adj. Trial Balance Income Statement Balance Sheet Dr. 3,910 4,360 11,860 Cr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Cash Accounts Rece vable Accounts Payable Owner's Capital Sales Revenue 1,590 4,250 53,150 Cost of Goods Sold 24,150 Operating Expenses 14,710 Totals 58,990 58,990 Net Income Totals Question Attempts: 0 of 3 usedExplanation / Answer
Answer to question 2 in order:
Date Account titles and explanation Debit Credit Wang Company 5100 To Sales 5100 (To record credit sales) Cost of goods sold 3150 To Inventory 3150 (To record cost of goods sold) Sales Returns 710 To Wang company 710 (To record credit for receipt of returned goods) Inventory 125 To cost of goods sold 125 (To record fair value of goods returned)Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.