Reference no: EM132605705

Presented below are selected accounts for Vaughn Company as reported in the worksheet at the end of May 2020.

Question 1: Complete the worksheet by extending amounts reported in the adjusted trial balance to the appropriate columns in the worksheet.

VAUGHN CO.

Worksheet

For The Month Ended May 31, 2020

 Accounts Adjusted                                  Trial Balance                                Income Statement Balance Sheet

                                   Dr. Cr.                 Dr. Cr .                                                    Dr. Cr.

Cash                                       8,380

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Inventory                             86,680

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Sales Revenue                          413,900

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Sales Returns and Allowances         10,110

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Sales Discounts                            5,160

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Cost of Goods Sold                        236,100

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