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Below is the Unadjusted Trial Balance for Palisade Creek Co. Complete each tab by utilizin Unadjusted Trial Balance and the adjustment data provided on

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Below is the Unadjusted Trial Balance for Palisade Creek Co. Complete each tab by utilizin Unadjusted Trial Balance and the adjustment data provided on the Adjusting Entries tab. 1. Journalize the 4 year-end adjusting entries. 2. Prepare an Adjusted Trial Balance. 3. Prepare the first 3 financial statements. a. Multi-step Income Statement b. Retained Earnings Statement c. Balance Sheet 4. Journalize the 4 year-end closing entries. 5. Prepare a post-closing trial balance. Cash Accounts Receivable Merchandise Inventory Prepaid Insurance Store Supplies Store Equipment Accumulated Depreciation--Store Equipment Accounts Payable Salaries Payable Customers Refunds Payable Common Stock Retained Earnings Dividends PALISADE CREEK CO. Unadjusted Trial Balance 31-May-16 Sales Cost of Merchandise Sold Sales Salaries Expense Advertising Expense Depreciation Expense Store Supplies Expense Miscellaneous Expense Office Salaries Expense Rent Expense Insurance Expense Miscellaneous Administrative Expense Debit Balances 84,500 245,875 583,950 $ 16,800 13,800 569,500 135,000 3,013,000 720,800 292,000 12,600 411,100 88,700 7,800 6,195,425 Credit Balances. 56,700 63,150 29,270 100,000 570,100 5,376,205 $ 6,195,425

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Here are the journal entries adjusted trial balance financial statements and closing entries for Palisade Creek Co Journal Entries 1 Depreciation Expense 56700 Accumulated Depreciation Store Equipment ... blur-text-image

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