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The adjusted trial balance of Gorman Music Company

The adjusted trial balance of Gorman Music Company 


The adjusted trial balance of Gorman Music Company appears below. Gorman Music Company
prepares monthly financial statements and uses the perpetual inventory method.
Instructions
Complete the worksheet below.
GORMAN MUSIC COMPANY
Worksheet
For the Month Ended April 30, 2008
Adjusted
Trial Balance Income Statement Balance Sheet
Debit Credit Debit Credit Debit Credit
Cash 11,000
Merchandise Inventory 21,000
Supplies 3,500
Equipment 80,000
Accum. Depreciation—
Equipment 15,000
Accounts Payable 20,000
Gorman, Capital 92,000
Gorman, Drawing 8,000
Sales 39,000
Sales Discounts 2,000
Cost of Goods Sold 23,000
Advertising Expense 7,000
Supplies Expense 6,000
Depreciation Expense 1,000
Rent Expense 2,500
Utility Expense 1,000
166,000 166,000



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01 Apr 2016

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    The adjusted trial balance of Gorman Music Company

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