Comprehensive Problem 2 Part 4 and 6 : Note: You must complete parts 1,2 and 3 before attempting to complete part 4 and part 6. Part 5 is an optional work sheet. 4. At the end of May, the following adjustment data were assembled. Analyze and use these data to complete Part 5. f. The adjustment for customer refunds and allowances is $60,000. 6. Joumalize the adjusting entries. If an amount box does not require an entry, leave it blank. Post the adjusting entries to the attached spreadsheet you used in parts 1 and 2 . \begin{tabular}{|c|c|c|c|c|} \hline Date & Description & Post. Ref. & Debit & Credit \\ \hline & Adjusting Entries & & & \\ \hline \multicolumn{5}{|l|}{2017} \\ \hline \multirow[t]{2}{*}{ May 31} & * & & & \\ \hline & & & & \\ \hline \multirow[t]{2}{*}{ May 31} & . & & & \\ \hline & 0 & & & \\ \hline \multirow[t]{3}{*}{ May 31} & - & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \multirow[t]{2}{*}{ May 31} & - & & & \\ \hline & - & & & \\ \hline \multirow[t]{2}{*}{ May 31} & & & & \\ \hline & & & & \\ \hline \end{tabular} 1May31May31 You must complete parts 1,2,3,4 and 6 before completing part 7. Part 5 is the optional work sheet. Prepare an odjusted trial balance; If an ampunt box does not require an entry, leave it blark: Salaries Payable Lynn Tolley, Capital Lynn Tolley, Drawing Sales Cost of Merchandise Sold Sales Salaries Expense Advertising Expense Depreciation Expense Store Supplies Expense Miscellaneous Selling Expense Office Salaries Expense Rent Expense Insurance Expense Miscellaneous Administrative Expense Comprehensive Problem 2 Part 4 and 6 : Note: You must complete parts 1,2 and 3 before attempting to complete part 4 and part 6. Part 5 is an optional work sheet. 4. At the end of May, the following adjustment data were assembled. Analyze and use these data to complete Part 5. f. The adjustment for customer refunds and allowances is $60,000. 6. Joumalize the adjusting entries. If an amount box does not require an entry, leave it blank. Post the adjusting entries to the attached spreadsheet you used in parts 1 and 2 . \begin{tabular}{|c|c|c|c|c|} \hline Date & Description & Post. Ref. & Debit & Credit \\ \hline & Adjusting Entries & & & \\ \hline \multicolumn{5}{|l|}{2017} \\ \hline \multirow[t]{2}{*}{ May 31} & * & & & \\ \hline & & & & \\ \hline \multirow[t]{2}{*}{ May 31} & . & & & \\ \hline & 0 & & & \\ \hline \multirow[t]{3}{*}{ May 31} & - & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \multirow[t]{2}{*}{ May 31} & - & & & \\ \hline & - & & & \\ \hline \multirow[t]{2}{*}{ May 31} & & & & \\ \hline & & & & \\ \hline \end{tabular} 1May31May31 You must complete parts 1,2,3,4 and 6 before completing part 7. Part 5 is the optional work sheet. Prepare an odjusted trial balance; If an ampunt box does not require an entry, leave it blark: Salaries Payable Lynn Tolley, Capital Lynn Tolley, Drawing Sales Cost of Merchandise Sold Sales Salaries Expense Advertising Expense Depreciation Expense Store Supplies Expense Miscellaneous Selling Expense Office Salaries Expense Rent Expense Insurance Expense Miscellaneous Administrative Expense