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Instructions The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 2016: Cash

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Instructions The following selected accounts and their current balances appear in the ledger of Clairemont Co. for the fiscal year ended May 31, 2016: Cash Accounts Receivable Merchandise Inventory Office Supplies Prepaid Insurance Office Equipment Accumulated Depreciation-Office Equipment Store Equipment Accumulated Depreciation-Store Equipment Accounts Payable Salaries Payable Note Payable (final payment due 2022) Kristina Marble, Capital Kristina Marble. Drawing $240,000 966,000 1,712,500 13,500 8,000 830,000 550,000 3,600,000 1,820,000 366,000 41,500 300,000 3,449,100 100.000

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