1. B.	Journalize the transactions for May, starting on Page 20 of the journal.*
2.	Add the appropriate posting reference to the journal.
6. A.	Journalize the adjusting entries. Record the adjusting entries on Page 22 of the journal.*
6. B.	Add the appropriate posting reference to the journal.
	* Refer to the Chart of Accounts for exact wording of account titles.

CHART OF ACCOUNTSPalisade Creek Co.General Ledger

	ASSETS
110	Cash
112	Accounts Receivable
115	Merchandise Inventory
116	Estimated Returns Inventory
117	Prepaid Insurance
118	Store Supplies
123	Store Equipment
124	Accumulated Depreciation-Store Equipment

	LIABILITIES
210	Accounts Payable
211	Customers Refunds Payable
212	Salaries Payable

	EQUITY
310	Lynn Tolley, Capital
311	Lynn Tolley, Drawing

	REVENUE
410	Sales

	EXPENSES
510	Cost of Merchandise Sold
520	Sales Salaries Expense
521	Advertising Expense
522	Depreciation Expense
523	Store Supplies Expense
529	Miscellaneous Selling Expense
530	Office Salaries Expense
531	Rent Expense
532	Insurance Expense
539	Miscellaneous Administrative Expense