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work (EOC) Seret Valley Company's adjusted account balances from its general ledger on...

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Accounting

work (EOC)
Seret
Valley Company's adjusted account balances from its general ledger on August 31, its fiscal year-end, follows. it categorizes the following accounts as selling expenses: sales salarles expense, rent expense-selling space, store supplles expense, and advertising expense. It categorizes the remaining expenses as general and administrative
\table[[Adjusted Account Balances,Debit,Credit],[Merchandise inventory (ending),$41,000,],[other (non-inventory) assets,130,400,],[Total liabilities,,$25,000
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