$4.$ At the end of May, the following adjustment data were assembled: Analyze and use these data to complete Part $6.$

Line Item Description Amount Amount

a$.$ Merchandise inventory on May $31$ $$585,200$

b$.$ Insurance expired during the year $12,000$

c$.$ Store supplies on hand on May $314,000$

d$.$ Depreciation for the current year $14,000$

e$.$ Accrued salaries on May $31$:

Sales salaries $$7,000$

Office salaries $6,600$

Total $$13,600$

f$.$ The adjustment for customer refunds and allowances is $$60,000.$

Adjusting Entries:

May $31$

$-$ Debit

$-$ Credit

May $31$

$-$ Debit

$-$ Credit

May $31$

$-$ Debit

$-$Credit

May $31$

$-$Debit

$-$Credit

May $31$

$-$Debit

$-$Debit

$-$Credit

May $31$

$-$ Debit

$-$Credit