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I need the Income Statement, Statement of Stockholders Equity, Balance Sheet, and Unadjusted Trial Balance. Thank you! Palisade Creek Co. is a retail business that
I need the Income Statement, Statement of Stockholders Equity, Balance Sheet, and Unadjusted Trial Balance. Thank you!
Palisade Creek Co. is a retail business that uses the perpetual inventory system. The account balances for Palisade Creek as of May 1 , 20 Y 6 (unless otherwise indicated), are as follows. Assume all accounts have normal balances. 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. 1. At the end of May, the following adjustment data were assembled. Analyze and use these data to complete Part 6. The adjustment for customer returns and allowances is $60,000 for sales and $35,000 for cost of goods sold. Journalize the adjusting entries. If an amount box does not require an entry, leave it blank. Post the adjusting entries to the attached spreadsheet rou used in parts 1 and 2. Comprehensive Problem 2 Part 8: You must complete parts 1,2,3,4,6 and 7 before attempting to complete part 8 . Note: part 5 is optional. 1. Prepare a multiple-step income statement. Operating Expenses: Selling expenses: 2. Prepare a statement of stockholders' equity. Assume that additional common stock of $10,000 was issued in January 20Y6. 3. Prepare a balance sheet. Prepare a balance sheet. Property, plant, and equipment: Total property, plant, and equipment Total assets Total current assets Property, plant, and equipment: Total property, plant, and equipment Total assets Current liabilities: Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and Stockholders' Equity Comprehensive Problem 2 Part 3: NOTE: You must complete parts 1 and 2 before completing part 3. Salaries Payable Customers Refunds Payable Common Stock Retained Earnings Dividends Sales Cost of Goods Sold Sales Salaries Expense Advertising Expense Depreciation Expense Store Supplies Expense Miscellaneous Selling Expense Palisade Creek Co. is a retail business that uses the perpetual inventory system. The account balances for Palisade Creek as of May 1 , 20 Y 6 (unless otherwise indicated), are as follows. Assume all accounts have normal balances. 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. 1. At the end of May, the following adjustment data were assembled. Analyze and use these data to complete Part 6. The adjustment for customer returns and allowances is $60,000 for sales and $35,000 for cost of goods sold. Journalize the adjusting entries. If an amount box does not require an entry, leave it blank. Post the adjusting entries to the attached spreadsheet rou used in parts 1 and 2. Comprehensive Problem 2 Part 8: You must complete parts 1,2,3,4,6 and 7 before attempting to complete part 8 . Note: part 5 is optional. 1. Prepare a multiple-step income statement. Operating Expenses: Selling expenses: 2. Prepare a statement of stockholders' equity. Assume that additional common stock of $10,000 was issued in January 20Y6. 3. Prepare a balance sheet. Prepare a balance sheet. Property, plant, and equipment: Total property, plant, and equipment Total assets Total current assets Property, plant, and equipment: Total property, plant, and equipment Total assets Current liabilities: Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and Stockholders' Equity Comprehensive Problem 2 Part 3: NOTE: You must complete parts 1 and 2 before completing part 3. Salaries Payable Customers Refunds Payable Common Stock Retained Earnings Dividends Sales Cost of Goods Sold Sales Salaries Expense Advertising Expense Depreciation Expense Store Supplies Expense Miscellaneous Selling ExpenseStep by Step Solution
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