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The Goody Shop Ltd s unadjusted trial balance amounts

prior to #8577
The Goody Shop Ltd s unadjusted trial balance amounts prior to

The Goody Shop Ltd.'s unadjusted trial balance amounts (prior to recording the adjusting
journal entry to update Inventory and Cost of Goods Sold) appear in alphabetical order as
follows on November 30, 2018, the end of its fiscal year:

Additional information:

1. The Goody Shop uses a periodic inventory system.

2. A physical inventory count determined that inventory on November 30, 2018, was $37,350.

3. Of the mortgage payable, $5,300 is due in the next year.

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4. Common shares of $25,000 were issued during the year.

Instructions

Prepare a multiple-step income statement, statement of changes in equity, and statement of


financial position for the year.

The Goody Shop Ltd s unadjusted trial balance amounts prior to

ANSWER
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