2. Post the journal entries to the general ledger. 3. Enter the unadjusted trial balance on a 10-column end-of-period spreadsheet (work sheet), and complete the spreadsheet using the following adjustment data 4. Journalize the adjusting entries. Post the adjusting entries to the general Ledger 5. Prepare a multiple-step income statement. 6. Prepare a statement of stockholders' equity. Assume that additional common stock of $10,000 was issued in January 20Y6. 7. Prepare a balance sheet. 8. Journalize the closing entries. Then post the closing entries to the general ledger . 9. Prepare a post-closing trial balance. Palisade Creek Co Worksheet For the year ended May 31, 20Y6 Palisade Creek Co. Income Statement For the year ended May 31, 20Y6 Sales Cost of goods sold Gross profit Selling expenses: Sales Salaries Expense Advertising Expense Depreciation Expense Store Supplies Expense Miscellaneous Selling Expense Total selling expenses Administrative expenses: Office Salaries Expense Rent Expense Insurance Expense Miscellaneous Administrative Expense Total administrative expenses Total expenses Net income Palisade Creek Co. \begin{tabular}{llll} \hline \multicolumn{3}{c}{ Statement of Stockholders' Equity } \\ \hline \multicolumn{3}{l}{ For the year ended May 31, 20Y6 } \\ \hline & & & \\ \hline \end{tabular} Palisade Creek Co. \begin{tabular}{ll} \hline Balance Sheet \\ \hline May 31, 20Y6 \\ \hline \end{tabular} Assets Current Assets Cash Accounts Receivable Inventory Estimated Returns Inventory Prepaid Insurance Store Supplies Total current assets Property, Plant and Equipment Store Equipment Accumulated Depreciation-Store Equipment Total Property, Plant and Equipment Total Assets Liabilities Current liabilities Accounts Payable Salaries Payable Customers Refunds Payable Total liabilities Stockholders' Equity Common Stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity \begin{tabular}{ll} \hline$ & \\ \hline \hline \end{tabular} $ 2. Post the journal entries to the general ledger. 3. Enter the unadjusted trial balance on a 10-column end-of-period spreadsheet (work sheet), and complete the spreadsheet using the following adjustment data 4. Journalize the adjusting entries. Post the adjusting entries to the general Ledger 5. Prepare a multiple-step income statement. 6. Prepare a statement of stockholders' equity. Assume that additional common stock of $10,000 was issued in January 20Y6. 7. Prepare a balance sheet. 8. Journalize the closing entries. Then post the closing entries to the general ledger . 9. Prepare a post-closing trial balance. Palisade Creek Co Worksheet For the year ended May 31, 20Y6 Palisade Creek Co. Income Statement For the year ended May 31, 20Y6 Sales Cost of goods sold Gross profit Selling expenses: Sales Salaries Expense Advertising Expense Depreciation Expense Store Supplies Expense Miscellaneous Selling Expense Total selling expenses Administrative expenses: Office Salaries Expense Rent Expense Insurance Expense Miscellaneous Administrative Expense Total administrative expenses Total expenses Net income Palisade Creek Co. \begin{tabular}{llll} \hline \multicolumn{3}{c}{ Statement of Stockholders' Equity } \\ \hline \multicolumn{3}{l}{ For the year ended May 31, 20Y6 } \\ \hline & & & \\ \hline \end{tabular} Palisade Creek Co. \begin{tabular}{ll} \hline Balance Sheet \\ \hline May 31, 20Y6 \\ \hline \end{tabular} Assets Current Assets Cash Accounts Receivable Inventory Estimated Returns Inventory Prepaid Insurance Store Supplies Total current assets Property, Plant and Equipment Store Equipment Accumulated Depreciation-Store Equipment Total Property, Plant and Equipment Total Assets Liabilities Current liabilities Accounts Payable Salaries Payable Customers Refunds Payable Total liabilities Stockholders' Equity Common Stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity \begin{tabular}{ll} \hline$ & \\ \hline \hline \end{tabular} $