1. The unadjusted trial balance has been entered on a 10-column end-of-period spreadsheet
(work sheet) for you. Complete the spreadsheet using the following adjustment data
			Amount
	a	Physcial inventory count on June 30	$ 570,000
	b	Store supplies used during the month.	2,700
	c	Insurance expired during the Month	1,200
	d	Depreciation for the current month	1,150
	e	Accrued salaries on June 30:
		Sales salaries	$ 5,600
		Office salaries	4,500
		Total	10,100
	f	The adjustment for customer returns and allowances is $4,500 for sales with $2,600 in related cost of goods sold.
	g	The Company uses the percent of credit sales method of estimated uncollectible
		accounts expense. Based on past history and industry averages, 2% of credit sales are
		expected to be uncollectible.
2. Journalize the adjusting entries. Post the adjusting entries to the general Ledger
3. Prepare a multiple-step income statement.
4. Prepare a statement of stockholders equity.
5. Prepare a balance sheet. Report receivables net of the allowance
6. Journalize the closing entries. Then post the closing entries to the general ledger .
7. Prepare a post-closing trial balance.