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Comprehensive Problem 2 Part 4 4. At the end of May, the following adjustment data were assembled. Analyze and use these data to complete Part
Comprehensive Problem 2
Part 4
4. At the end of May, the following adjustment data were assembled. Analyze and use these data to complete Part 6.
a. Merchandise inventory on May 31 b. Insurance expired during the year c. Store supplies on hand on May 31 d. Depreciation for the current year e. Accrued salaries on May 31: Sales salaries Office salaries $550,000 12,000 4,000 14,000 $7,000 6,600 13,600
6. Journalize the adjusting entries. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0". Post the adjusting entries to the attached spreadsheet you used in parts 1 and 2.
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