The trial balance columns of the worksheet for Linus Company at June 30, 2012, are as Follows
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LINUS COMPANY
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Worksheet
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For the Month Ended June 30, 2012
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Account Titles
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Debit
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Credit
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Cash
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$ 1,920
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Accounts Receivable
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2,440
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Inventory
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11,640
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Accounts Payable
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$ 1,120
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Owner's Capital
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3,500
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Sales Revenue
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42,500
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Cost of Goods Sold
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20,560
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Operating Expenses
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10,560
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$47,120
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$47,120
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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.