May 28: Pad sales salanes of $56,000 and offce salanes of $29,000 May 29: Purchased store supplies for cash, $2,400. May 7: Received 522,300 cact from Halstad Co- on account May 10: Sold merchandre for cash, $54,000 The cost of the merchandise sola was 332.000 May 13: Paid for merchandise purchased on May 3 May 19: Paid $33,450 to Buthons Co. on account May 20: Pad Korman C0, a cash refund of $5,000 for damaged menchandise from save of May 6 . Korman Co kept tre motchandine: May 21: For the conveniencet of Crescent Co, pact freight on sale of May 20, 52,300 May 21; Received 542900 cash from Gee Co on accound May 20: Feceived carh treet sale of May 20 plus beight paig on May 21 May 23: Paid for purchase or Myr 21 . Ne us neturn of May 24 May 15: Pad advertsing expense for lasthalf of May $11,000 May 16: Anoerved cash nom sale or Mays May 19: Purchased merchandse for cash $118700 May 30: Recowed casth from sale of May 20 plus freight paid on May 21 May 31: Paid for purchase of May 21, less return of May 24 Palisade Creek Co. is a merchandising business that uses the pecpetuat invensory systent The account batances for Palcade Crek Co as of May 1,20r7 funless otherwise indicated are as follows May 21: Purchased merchandise on account from Osterman Co, thrms 1/10, n/30, Fo8 desination, $88,000 May 24: Returned damaged merchandise purchased on May 21, receiving a creda memo trom the seller 10r55,000. May 26: Pefunded cayh on sales made for cash, sabo thit defectwe merchandise was nat returned by the customer. Part 1: Journalize the transactons for May, the last month ct the fiscal yoar, below ledgers Please be sure to save the spreadsheet ouneral ledger to use for the remainito parts of this comprehensive problom. If an amount bex does pot requine an entry terove a Blare May 4: Pad tieight on purchase of May 3, 5000