Valley Company's adjusted trial balance on August 31, its fiscal year-end, follows. It categorizes the...
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Valley Company's adjusted trial balance on August its fiscal yearend, follows. It categorizes the following accounts as selling expenses: sales salaries expense, rent expenseselling space, store supplies expense, advertising expense. It categorizes the remaining expenses as general and administrative. tableDebit,CreditMerchandise inventory ending$Other noninventory assets,Total liabilities,,$ 
Valley Company's adjusted trial balance on August its fiscal yearend, follows. It categorizes the following accounts as selling expenses: sales salaries expense, rent expenseselling space, store supplies expense, advertising expense. It categorizes the remaining expenses as general and administrative.
tableDebit,CreditMerchandise inventory ending$Other noninventory assets,Total liabilities,,$
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