Instructions Complete the worksheet by extending amounts reported in the adjuste

Question

Instructions Complete the worksheet by extending amounts reported in the adjusted trial balance to the appropriate columns in the worksheet. Do not total individual columns. ES-16 The trial balance columns of the worksheet using a perpetual inventory system for Balistreri Company at June 30, 2017, are as follows. Prepare a wor perpetual inve (LO 6) BALISTRERI COMPANY Worksheet For the Month Ended June 30, 2017 Trial Balance Debit 1,920 2,440 11,640 Account Titles Cash Accounts Receivable Inventory Accounts Payable Owner's Capital Sales Revenue Cost of Goods Sold Operating Expenses Credit 1,120 3,500 20,56042,500 47,120 10,560 47,120 Other data: Operating expenses incurred on account, but not yet recorded, total $1,500. Instructions Enter the trial balance on a worksheet and complete the worksheet. 7, includes these accounts: Inventory $19,500; Purchases $149,000; Sales Revenue section ight In $5 000 Sales Beturns and Allowances $3,000; Freight-Out $1,000; (LO 7) ES.17 The trial balance of A. Wiencek Company at the end of its fiscal year, August 31, Prpare cost of Frai

Explanation / Answer

Journal Entry for Operating Expenses:-

Balance Sheet ;-

Income Statement :-

Particulars Debit($) Credit($) Operating Expenses A/c Dr. 1500 To Operating Expenses Payable A/c 1500 (To Record unrecorded Transation)

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